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UK economy shrinks 20.4% in April

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dealtn
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UK economy shrinks 20.4% in April

#317819

Postby dealtn » June 12th, 2020, 10:38 am

https://www.bbc.co.uk/news/business-53019360

Given the near universal lockdown this seems quite a good performance to me. Obviously it will be tough to grow by the 25% in a short timeframe to get back to the previous level, but I would imagine simply unwinding lockdown will take things back to about half way.

If that were the case the economy would be back to the level at the start of 2015, so about that of 5 years ago.

It will be interesting to see the path from here as to how things recover, and what the other economic variables do.

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