Press releases

Deloitte's senior economist comments on today's GDP figures

12 August 2020

Commenting on the latest GDP figures, Debapratim De, senior economist at Deloitte, said:

“The UK economy has entered into recession with its worst quarterly performance on record. The monthly data shows that a bounce back is underway and picked up steam in June.

“However, its pace is consistent with a slow recovery – one that seems unlikely to be V-shaped. We expect economic activity to return to pre-pandemic levels only in the second half of 2022.”


Note to editors

About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.

Please see for a detailed description of the legal structure of DTTL and its member firms.

Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.

The information contained in this press release is correct at the time of going to press.

For more information, please visit

Member of Deloitte Touche Tohmatsu Limited

Did you find this useful?