London analysts: British GDP could fall by 18 percent in April

By: Trademagazin editor Date: 2020. 06. 10. 11:01

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Analysts in London calculated that gross domestic product (GDP) could fall by 18 percent month-on-month in April due to the economic effects of the coronavirus pandemic.

The British Bureau of Statistics (ONS) will release the latest growth estimates on Friday.

One of London’s largest business analysts, Pantheon Macroeconomics, in its forecast scenario presented to the ONS for data release on Tuesday, recalls that the Composite Purchasing Managers ’Index (PMI), which measures activity in key sectors of the UK economy, decreased from the 36.0 in March to 13.8 in April. (Kertész Róbert, MTI)