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UK pays heavy price for pandemic

2021-02-12T19:37:39.397Z


After falling 10% in 2020, UK GDP is expected to decline further in the first quarter. Explanations.


It's in season.

The United Kingdom experienced its worst economic contraction last year since the “

Great Frost

” (in French the “Great Winter”) of 1709 which had caused a famine.

Its GDP fell by 9.9% in 2020. If it is a little less than expected, it remains one of the worst performances of the major European economies, with Spain, and the strongest recession of the G7 countries .

This is the economic price of the pandemic.

With more than 115,000 deaths, the country has the heaviest death toll in Europe and one of the highest per capita in the world.

Read also:

The unity of the United Kingdom cracks more and more

At the start of the year, activity was around 6.5% below its level before the pandemic, which should not be recovered before 2022. Faced with the danger of the so-called “English” variant of the virus, which is more contagious, the country is again subject to strict containment which should not be lifted until March.

As a result, a further sharp decline of 4% of GDP should be recorded in the first quarter of 2021, according to the Bank of England.

This one therefore

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Source: lefigaro

All news articles on 2021-02-12

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