Deloitte senior economist comments on today's GDP figures from the ONS

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

“While the economy registered its sharpest annual contraction on record last year, activity was 6.3% below pre-pandemic levels in December – a better outcome than many had expected.

“Stricter and more prolonged restrictions are likely to drive a further contraction in the first quarter before vaccinations and better weather enable a summer rebound. However, regaining lost activity due to the pandemic will take longer. We forecast UK GDP to reach pre-pandemic levels in spring 2022.”

End

Notes to Editors

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