Deloitte's senior economist comments on today's GDP figures has been saved
Deloitte's senior economist comments on today's GDP figures
11 September 2020
Commenting on the latest GDP figures, Debapratim De, senior economist at Deloitte, said:
“Activity has bounced back strongly over the summer. Warm weather, pent-up demand, a rise in staycations and policy support have provided a much-needed boost to GDP. July’s growth figures are consistent with our expectations of a record-breaking 15% rise in output in the third quarter.
“But the risks of a further spike in COVID-19 cases, the impending withdrawal of furlough support, and continued uncertainty over Brexit loom large. We expect a loss in momentum after strong growth in the summer months, with activity reaching pre-pandemic levels only in 2022.”
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