UK Gross Domestic Product: Regularly updated data on growth and forecasts.
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Economic growth fell by 20.4% in April-June 2020 compared to the previous quarter (January-March) as the economic effects of the coronavirus pandemic were felt.
This was the biggest fall in quarterly GDP on record.
All the headline sectors provided a negative contribution to growth in April-June. The services sector fell by 19.9%, production by 16.9% and construction by 35.0%.
Looking at month-on-month growth, GDP grew by 8.7% in June, following growth of 2.4% in May. This followed a fall of 20.0% in April. (Monthly figures are more volatile than quarterly estimates.)
In cash terms, GDP was £2,216 billion in 2019.
Forecasts
In their July Fiscal sustainability report, the Office for Budget Responsibility (OBR) forecast a fall in growth in 2020 of between 10.6% and 14.3%.
The Treasury’s July 2020 survey of independent forecasts for GDP growth showed an average forecast of -9.1% for 2020 and 6.6% for 2021.