The NIESR in the UK estimates that coronavirus will reduce GDP by 15-25% in the second quarter. news
Along Thomson Reuters
File picture: Due to the increasing number of cases of coronavirus disease (COVID-19) worldwide, crowded Canary Wharf is usually seen at lunch.
London (Reuters)-UK economic output fell by a quarter per quarter after falling 5% in the first three months between April and June, according to predictors at the National Institute of Economic and Social Research. May decrease.
NIESR is a think tank that estimates growth in gross domestic product after the release of official data, with continued coronavirus lockdown reducing GDP by 5% in the first quarter and 15-25% in the second quarter States that it is possible.
“With COVID-19 and the global blockade, the economy is entering an unknown territory, with GDP falling at record quarterly rates. Nevertheless, if the virus epidemic stops rapidly, it can be instantaneous and significant. A recovery is a clear possibility, “said economist Kemer White.
(Reporting by David Milliken, Editing by William Schomberg)
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