UK Q1 2020 GDP contracts by 2% (QoQ) and contracts 1.6% (YoY); Services, Production and Construction all contract; Household consumption falls the most since 2008

UK Q1 2020 gross domestic product (GDP) was estimated to have fallen by 2% in the quarter compared to Q4 2019, the largest fall since Q4 2008.

When compared with the same quarter (Q1 2019) a year ago, UK GDP decreased by 1.6% in Q1 2020 which was the biggest fall since Q4 2009.

UK 2020 Q1 GDP

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UK employment at highest ever level as wage growth lags; Unemployment lowest in 45 years; Self-employment at highest level

At the end of March 2019, the employment rate for the United Kingdom was estimated at 76.1%, the joint- highest figure on record. The UK economic inactivity rate was estimated at 20.8%, again close to a record low.

UK Employment by Gender until March 2019

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UK Q1 2019 GDP growth estimated at 0.5% (QoQ) and 1.8% (YoY); Manufacturing output soars; Trade deficit widens

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.5% in Q1 (January to March) 2019. In comparison with the same quarter a year ago (Q1 2018) UK GDP increased by 1.8%, the fastest growth since Q3 2017.

UK GDP upto Q1 2019

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