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Coronavirus could see UK GDP fall 13 percent in 2020: watchdog

Britain's economy could shrink by 13 percent in 2020 in the case of a three-month coronavirus lockdown, according to a scenario published Tuesday by fiscal watchdog the Office for Budget Responsibility.

Shashwat Mishra

Shashwat MishraBy Shashwat Mishra

Published on 14 April 2020 12:24 PM GMT

Coronavirus could see UK GDP fall 13 percent in 2020: watchdog
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Coronavirus could see UK GDP fall 13 percent in 2020: watchdog
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London: Britain's economy could shrink by 13 percent in 2020 in the case of a three-month coronavirus lockdown, according to a scenario published Tuesday by fiscal watchdog the Office for Budget Responsibility.

"The resulting 13 per cent fall in annual GDP in 2020 would comfortably exceed any of the annual falls around the end of each world war or in the financial crisis," the OBR said.

(AFP)

Shashwat Mishra

Shashwat Mishra

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