Capital Economics: New lockdown restrictions will set back economic growth by a year
Policy response depends on 'severity' of new restrictions
New lockdown restrictions will set economic growth back by a year
A ‘circuit-breaker’ lockdown in October and a 10pm curfew on restaurants and pubs could set the UK’s economic recovery back by a year, according to the latest report from Capital Economics, with a two-week national lockdown alone potentially reducing GDP by 5%.
This comes following chief medical officer Chris Whitty's address to the nation yesterday (21 September), which noted the virus had "turned a corner" and that "speed" and "action" are required to prevent...
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