Deloitte senior economist comments on today's GDP figures from the ONS has been saved
Deloitte senior economist comments on today's GDP figures from the ONS
12 February 2021
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.”
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