Vaccine Will Be a Game Changer for the U.K. Economy in 2021

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Vaccine Will Be a Game Changer for the U.K. Economy in 2021

The U.K. is likely to shrink 3% in the fourth quarter, leaving the economy 11.4% smaller by the end of 2020, according to Bloomberg Economics. The easing of virus restrictions and the widespread availability of a vaccine by the middle of next year will enable growth to accelerate, and BE forecasts output will advance 6% in 2021. Gross domestic product is likely to be 2.5% below its pre-virus peak at the end of next year and pass it a year after that.

©2020 Bloomberg L.P.

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