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Coronavirus could see UK GDP fall 13 per cent in 2020: watchdog

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AFP London
Last Updated : Apr 14 2020 | 5:14 PM IST

Britain's economy could shrink by 13 per cent in 2020 in the case of a three-month coronavirus lockdown, according to a scenario published Tuesday by fiscal watchdog the Office for Budget Responsibility.

"The resulting 13 per cent fall in annual GDP in 2020 would comfortably exceed any of the annual falls around the end of each world war or in the financial crisis," the OBR said.

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First Published: Apr 14 2020 | 5:14 PM IST

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