UK Quarterly Industry Report Quarter 1 2020

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UK Economic Outlook

UK Country Report for Quarter 1 2020

Read the latest UK industry report. This includes an analysis of the UK and Global economic outlook with a review of payment performance and corporate liquidations by region, industry sector and over time.

Download our full UK Industry report below for additional insights on the UK economic outlook, a deep dive on trends in corporate liquidations and payments performance, as well as recommendations from our expert economist team.

As a baseline scenario, expect the economy to shrink by 5.5% in 2020 and the government deficit to rise to 6.5% of GDP. Expect unemployment for 2020 as a whole to reach 8.0%.
 

Summary:

The UK Economy Rating outlook has been downgraded to ‘deteriorating rapidly’. This is very much linked to the recession expected in the global economy.

On a positive note, payments performance maintains its improving trend and the number of corporate liquidations has dropped below 4,000 per quarter.

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