GDP International Comparisons: data and forecasts for the UK and the world's largest economies.

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UK GDP fell by 2.2% in Q1 2020, compared with the previous quarter. This compares with -3.6% in the Eurozone and -1.3% in the US. In Germany, GDP fell by 2.2%, while in France it declined by 5.3%.

Quarterly GDP growth in major economies 

Forecasts

The IMF’s latest forecasts, published 24 June, project a sharp contraction in the world economy in 2020 due to Covid-19. The UK is forecast to see a 10.2% fall in GDP in 2020, with 6.3% growth in 2021.

IMF forecasts for G7 GDP growth in 2020

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