Worst may be over for virus-beaten British economy: Reuters poll

25.06.2020 - Kulakov Vladimir
Worst may be over for virus-beaten British economy: Reuters poll

Great Britain’s economy was seen dropping at its most rapid pace in centuries. This was mainly from the disruptions brought by the virus crisis on demand. However, it has a high chance of recovering from inactivity next quarter as more businesses resume operations, a Reuters survey showed.  

The poll foresees a 17.3% contraction this quarter. This is milder than the 17.5% contraction forecasted in May. Forecasts ranged from a 6.3% drop to 25.5% as a second wave of COVID-19 infections remains to be the biggest threat to the economic outlook, according to over three-quarters of respondents to an additional question in the poll.

Median forecasts showed that the economy may decline a total of 19.0% in a worst-case scenario. But Prime Minister Boris has started lifting lockdowns, increasing hopes that the economy will recover with a 10.5% growth next quarter.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?