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UK set for double-dip recession as GDP plummets 2 6 per cent

Jon Hudson, UK Equity Fund Manager at Premier Miton Investors, believes the UK will recover. Hudson said: “With restrictions increasing in November it should come as no surprise that GDP growth took a backward step. “A 2.6 per cent fall was better than many economists feared, with many retailers suggesting a pull forward of Christmas shopping in anticipation of harsher restrictions. “With the UK leading the way on the vaccine rollout and Brexit concerns now in the rear-view mirror, we can look forward to an economic recovery from Spring with growing confidence.” Suren Thiru, BCC Head of Economics, said: “The latest figures highlight the continued damage being done to the UK economy by coronavirus.  

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