United Kingdom: the GDP declined by 2.2% in the first quarter, more than had been expected and the worst fall since 1979

Royaume-Uni: le PIB a baissé de 2,2% au premier trimestre, plus qu'annoncé et pire chute depuis 1979

LONDON | The gross domestic product declined by 2.2% due to the impact of the sars coronavirus during the first quarter in the United Kingdom, more than initially announced and its worst fall since the third quarter of 1979, according to the second and final estimate from the Office for national statistics (ONS) on Tuesday.

The NSO had in its first estimate indicated a contraction of 2 % of GDP in the first quarter, followed by a historic collapse of 20.4% in April.

Year on year, the fall in GDP reached 1.7 percent, says the ONS.

Face of the measures of distancing and containment imposed by the british government to slow down the spread of the epidemic COVID-19, the kick-off to activity in the services, industry and construction had a negative impact on the GDP, with the production in the services falling by 2.3 %, a record.

This fall in activity for the sector which represents the bulk of the uk economy is particularly felt in the distribution, catering, hospitality, transport and tourism in particular.

Household consumption has contracted by 2.9 % between January and march.

For Howard Archer, an economist of the EY Item Club, this downward revision of GDP, signalling a contraction, “deeper” than expected in the second quarter.

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