First Full-Year ONS Estimate: UK GDP Fell 9.9% in 2020

The ONS’s first full-year GDP estimate for the UK puts the Covid-caused contraction at -9.9% – the largest annual fall of UK GDP on record. GDP grew by only 1% in Quarter 4, and despite two consecutive quarters of growth, the UK’s GDP remains 7.8% below its 2019 Q4 level. The Bank of England has projected another 4% shrinking of the economy in the first quarter of 2021…

mdi-tag-outline Data Guido ONS
mdi-timer February 12 2021 @ 07:47 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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