Noticias de la Cámara

British Chamber of Commerce responds to ONS Q1 2020 GDP stats

13/05/2020 Chambers_british_logo _1_1_8

Commenting on GDP statistics for Q1 2020, published today (13 May) by the ONS, BCC Head of Economics Suren Thiru said:

“The contraction in UK GDP in the first quarter underscores the negative impact that coronavirus had on the economy, even at its earliest stages. The quarterly decline was driven by a sharp drop in monthly GDP in March with activity in all sectors contracting as the UK went into lockdown.

“The speed and scale at which Coronavirus has hit the UK economy is unprecedented and means that the Q1 decline is likely to be followed by a further, more historically significant, contraction in economic activity in Q2.

“While a swift ‘V-shaped’ economic revival as restrictions are lifted may prove too optimistic, government support can play a vital role in avoiding a prolonged downturn. The extension of the furlough scheme was a crucial first step, but more needs to be done to ensure that the right support is in place to deliver a successful restart of the economy.”


Socios Patrón

  • Arriva a DB Company
  • Plain Concepts
  • EAE Business School
  • Cuatrecasas
  • Hays España
  • Mondragon Corporación
  • Sage
  • Gleeds Ibérica
  • Brico Depôt
  • CFP Energy
  • Banco Sabadell
  • Diageo
  • Oxford University Press
  • AstraZeneca
  • Selier Abogados
  • GSK
  • Savills
  • Mitie
  • Iberdrola
  • Pearson
  • El Corte Inglés
  • Canon
  • Santander
  • JCB
  • PwC
  • Telefónica
  • HSBC Bank

Socios Corporativos

  • Flutter
  • BDO
  • Schüco
  • Croda Ibérica
  • Haleon
  • H10 Hotels
  • David Lloyd
  • Araex Grands
  • Cubico Sustainable Investments
  • Spectrum IFA Group
  • PageGroup
  • Aon España
  • ACS
  • Indra Group
  • Segro Spain Management
  • ERM
  • PKF Attest
  • Bunzl Distribution Spain
  • Lloyd’s Insurance Company SA, Sucursal en España
  • Parque Tecnológico de Andalucía
  • HM International Patient
  • Menzies LLP
  • Grant Thornton
  • Currencies Direct
  • Colt Technology Services
  • Sacyr
  • Ayming España
  • Derby Hotels Collection
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  • Brunswick Group
  • Smith & Nephew
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  • Uhy Fay & Co
  • BT Global Services
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