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.”

End

Note to editors

About Deloitte
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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.

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