NIESR: UK to lose a quarter of GDP in Q2, but appeared to have bottomed out

<p>NIESR said the UK is set to lose a quarter of output in Q2. It expected GDP to decline by-20% to -25% in Q2, a “significantly steeper decline than the first quarter, reflecting the full impact of lockdown measures. “As we have suggested, around a quarter of GDP is lost when the lockdown is fully […]</p>
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