There is no question the UK economy is in dire straits. A fall of 12% in GDP in Q2, followed by a 16% rise, led to an economy 7% smaller in September. The recent imposition of a second lockdown will lead to a further decline. The Bank of England forecasts the UK economy will end the year 11% smaller than when it started. The OBR estimates it will be smaller than it was entering the current crisis until late 2022. One lagging indicator which is lagging even more than normal is the unemployment ra ....
25 Nov 2020
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Cool Britannia?
Downing Strategic Micro-Cap Investment Trust PLC GBP (DSM:LON), 0 | Aberforth Split Level Income Trust plc (ASIT:LON), 0 | Invesco Perpetual UK Smaller Companies Investment Trust PLC (IPU:LON), 408 | Aberforth Smaller Companies Trust PLC (ASL:LON), 0 | Majedie Investments PLC (MAJE:LON), 244 | BlackRock Throgmorton Trust PLC GBP (THRG:LON), 581
- Published:
25 Nov 2020 -
Author:
Thomas McMahon, CFA -
Pages:
6
There is no question the UK economy is in dire straits. A fall of 12% in GDP in Q2, followed by a 16% rise, led to an economy 7% smaller in September. The recent imposition of a second lockdown will lead to a further decline. The Bank of England forecasts the UK economy will end the year 11% smaller than when it started. The OBR estimates it will be smaller than it was entering the current crisis until late 2022. One lagging indicator which is lagging even more than normal is the unemployment ra ....