Long lockdown will shrink UK economy by a fifth in 2020 – study
by Larry Elliott Economics editor from Economics | The Guardian on (#52XTT)
Each month controls are in place will cut 1.5% off annual growth, says consultancy firm
Britain's economy will shrink by a fifth during 2020 if the continued presence of Covid-19 means a full lockdown has to remain in place for a year, according to a study.
With the government set to decide next week whether to ease restrictions put in place at the end of March, the consultancy firm Capital Economics said each additional month of full quarantining would knock 1.5 percentage points off annual growth.
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