Uk Gdp Collapsed Nearly 20pc In Q2 In Historic Covid 19 Hit



(Reuters) – Britain suffered a record collapse in economic output in the second quarter of 2020 when Covid-19 lockdown measures were in force and people had few opportunities to spend, though the decline was slightly smaller than first estimated.
Gross domestic product shrank by 19.8 per cent in the three months to June compared with the first quarter, slightly less than the initial 20.4 per cent estimate but still more than any other major advanced economy, the Office for National Statistics said.
The fall was the biggest since the ONS records began in 1955. Other data has suggested Britain is on course for its biggest annual fall since the 1920s.
Britain’s economy had already shrunk by 2.5 per cent in the January-March period as the country entered lockdown in late March.
Households saved a record 29.1 per cent of their income in the second quarter, up from 9.6 per cent in the first quarter, as their ability to spend in shops and restaurants were sharply curtailed during lockdown, while incomes were supported by a government job programme which ends next month.
“So far the economic data has proved better than the Bank of England initial assumptions, but with Covid-19 cases returning and restrictions increasing, that could soon reverse,” Jon Hudson, a fund manager at Premier Miton, said.
Britain has suffered Europe’s highest death toll from Covid-19, with more than 42,000 fatalities.
Comparing output in the second quarter with its level a year earlier, British gross domestic product is down by 21.5 per cent ― the same as in Spain ― while France reported a 19.0 per cent decline.
Britain’s economy has rebounded sharply since the lockdown began to ease from May onwards, and Bank of England Governor Andrew Bailey said yesterday that he expected the economy would show an annual decline of 7-10 per cent in the third quarter.
However, he warned the expansion was likely to lose pace, with unemployment set to rise to 7.5 per cent later this year, some parts of the economy still facing Covid-19 restrictions and headwinds from a recent jump in cases.
Due to regional spikes in Covid-19, much of Britain is under a partial lockdown which limits people’s ability to meet others not in their households ― hitting the hospitality sector in particular ― though schools and workplaces remain open.
Britain’s current account deficit ― normally one of the biggest vulnerabilities of the country’s economy ― shrank sharply to £2.8 billion (RM14.9 billion), or 0.6 per cent of GDP, its smallest in nine years, affected by the slump in global trade caused by the pandemic.
 


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.malaysia-today.net/2020/10/01/uk-gdp-collapsed-nearly-20pc-in-q2-in-historic-covid-19-hit/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
293 New Covid 19 Cases Sabah And Kedah Worst Hit States

293 New Covid 19 Cases Sabah And Kedah Worst Hit States

papar berkaitan - pada 5/10/2020 - jumlah : 373 hits
COVID 19 There were 293 new Covid 19 cases recorded in the past 24 hours with Sabah and Kedah being the two worst hit states Health Ministry said Sabah saw 126 new cases whereas Kedah had 113 These two states have recorded the highest numbe...
2020 Gdp Forecast Remains At 5 5 Pct To 3 5 Pct Despite Covid 19 Spike

2020 Gdp Forecast Remains At 5 5 Pct To 3 5 Pct Despite Covid 19 Spike

papar berkaitan - pada 8/10/2020 - jumlah : 248 hits
There is no further deceleration of the nation s gross domestic product projection despite the sudden rise in Covid 19 infections and the 2020 growth projection remains between 5 5 percent 3 5 percent said Finance Minister Tengku Zafrul Ten...
Covid 19 Beyond Sabah Nearly Half Linked To High Risk Travel

Covid 19 Beyond Sabah Nearly Half Linked To High Risk Travel

papar berkaitan - pada 29/9/2020 - jumlah : 403 hits
COVID 19 About half of Covid 19 cases outside of Sabah has been linked to the outbreak in the state according to Malaysiakini s tally based on information released by the Health Ministry This came following a surge of Covid 19 cases in Saba...
University In Terengganu To Close After Staff Hit By Covid 19

University In Terengganu To Close After Staff Hit By Covid 19

papar berkaitan - pada 5/10/2020 - jumlah : 354 hits
COVID 19 Universiti Sultan Zainal Abidin will be closed for three days beginning tomorrow after one of its staff tested positive for Covid 19 said its vice chancellor Prof Hassan Basri Awang Mat Dahan He said the closure involved all its th...
Kedah Tiada Penambahan Kes Baharu Covid 26 September

Kedah Tiada Penambahan Kes Baharu Covid 26 September

papar berkaitan - pada 27/9/2020 - jumlah : 428 hits
kredit Jabatan Kesihatan Negeri Kedah maipakatsihatAssalamualaikum dan selamat malam kepada anda semua Naim harap semua baik baik belaka bersama keluarga tercinta Hari 26 September 2020 khususnya di kedah tiada penambahan kes yang baharu Da...
Kpu Diminta Beberkan Data Aktual Terkait Status Zona Covid 19 Pilkada

Kpu Diminta Beberkan Data Aktual Terkait Status Zona Covid 19 Pilkada

papar berkaitan - pada 27/9/2020 - jumlah : 313 hits
Mantan Komisioner Komisi Pemilihan Umum Ferry Kurnia Rizkiyansyah menyoroti data wilayah untuk pelaksanaan Pilkada Serentak 2020 Menurutnya data aktual terkait status warna zona di daerah yang menyelenggarakan Pilkada bisa berubah dan hal i...
Plt Gubernur Sebut Aceh Kekurangan Ruang Isolasi Pasien Covid 19

Plt Gubernur Sebut Aceh Kekurangan Ruang Isolasi Pasien Covid 19

papar berkaitan - pada 27/9/2020 - jumlah : 281 hits
Pelaksana tugas Gubernur Aceh Nova Iriansyah mengatakan Provinsi Aceh membutuhkan 1 628 kamar untuk isolasi mandiri pasien Covid 19 Saat ini yang tersedia 759 kamar sehingga masih kekurangan 869 kamar
Isu Gelang Pink Chazy Nash Tebus Kesalahan Bantu Orang Memerlukan Masa Covid 19

Isu Gelang Pink Chazy Nash Tebus Kesalahan Bantu Orang Memerlukan Masa Covid 19

papar berkaitan - pada 27/9/2020 - jumlah : 415 hits
Yang baik jadikan teladan yang buruk jadikan sempadan Assalamualaikum semua Apa habaq Saya harap semua sihat lah dan sentiasa dijauhkan dari Covid 19 KITAJAGAKITA Ok saya takmau cakap banyak Oleh sebab PKPD Kota Setar baru tamat tengah mala...
Golput Dan Politik Uang Ancaman Terbesar Pilkada Di Tengah Pandemi Covid 19

Golput Dan Politik Uang Ancaman Terbesar Pilkada Di Tengah Pandemi Covid 19

papar berkaitan - pada 27/9/2020 - jumlah : 307 hits
Direktur Eksekutif Indikator Politik Indonesia Burhanuddin Muhtadi memprediksi pelaksanaan Pilkada 2020 yang berlangsung di tengah Pandemi Covid 19 memiliki dua ancaman
Tak Cukup Duit Deposit Ini Cara Beli Rumah Pertama Anda Tanpa Beban Besar

Kemaskini Mengenai Pasaran Saham As Pada 4 Julai

Monday Morning

The Enigmatic Blue Holes Of Saudi Arabia Hidden Wonders Beneath The Red Sea

Do You Think It S Suitable To Give Money As A Gift

Pelantikan Semula Tengku Maimun Bukan Penyelesaian Kredibiliti Institusi Kehakiman

Makan Malam Di Richiamo Coffee Pajam Nilai

Mak Ajar Resipi Mi Udang Penang Mudah Sedap Tak Terkata


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Upin Ipin Universe Inovasi Industri Animasi Ke Dunia Terbuka Global

Packaging Farmasi Eksklusif Serlahkan Kualiti Integriti Jenama Anda

The Real Value Of Local Seo For Small Businesses In Huntsville

Bapa Pijak Anak Umur Setahun Ugut Isteri Balik Rumah

Lirik Lagu Aku Baik Saja Rossa

Not Giving Extension To Chief Justice Coa President Sets Dangerous Precedent That Threatens Public Trust