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1. • 32.9 percent

     
     • Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis.
     www.bea.gov/news/2020/gross-domestic-product-2nd-quarter-2020-advance-estimate-and-annual-update

     Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate ...

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   How much did GDP fall in Q2 2020?

   • Nominal gross domestic product (GDP) fell by 14.5% in Quarter 2 (Apr to June) 2020, revised from the first estimate of a 15.4% contraction. This is the largest quarterly fall in nominal GDP on record. Taxes less subsidies fell by 95.2% in Quarter 2 2020, a downward revision from the first estimate of an 83.7% fall (Figure 11).

   GDP quarterly national accounts, UK: April to June 2020

   www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/quarterlynationalaccounts/apriltojune2020

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   How much did the economy fall in the second quarter of 2020?

   • The ONS now forecasts that the economy fell 21 per cent in the second quarter of 2020, rather than by 19.4 per cent as estimated previously. It also revealed that the GDP contraction was marginally larger in the first three months and the recovery weaker in the third and fourth quarters of 2020.

   UK economy shrank more than previously estimated in 2020, says ONS

   www.ft.com/content/b95e639f-7680-4b19-9d64-7c129186196f

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   How much did UK GDP fall in Q2?

   • 1. UK GDP fell by 20.4% in Quarter 2 (Apr to June) 2020 UK GDP growth, Quarter 1 (Jan to Mar) 2005 until Quarter 2 (Apr to June) 2020 Q1 refers to Quarter 1 (Jan to Mar), Q2 refers to Quarter 2 (Apr to June), Q3 refers to Quarter 3 (July to Sept), Q4 refers to Quarter 4 (Oct to Dec).

   GDP monthly estimate, UK - Office for National Statistics

   www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/june2020

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   What's new in the UK GDP forecast for 2020?

   • 1. Main points There is little change to our earlier estimate of UK gross domestic product (GDP) for 2020 as whole, which is now estimated to have contracted by 9.8%, slightly revised from the first estimate of a 9.9% decline; there are, though, revisions to the quarterly path through the year.

   GDP quarterly national accounts, UK: October to December 2020

   www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/quarterlynationalaccounts/octobertodecember2020

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   Why did GDP fall in June 2020?

   • Gross domestic product (GDP) fell by 20.4% in the three months to June 2020, following a fall of 18.7% in the three months to May, as government restrictions on movement dramatically reduced economic activity. Rolling three-month growth is based on output gross value added (GVA).

   GDP monthly estimate, UK - Office for National Statistics

   www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/june2020

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   How has GDP changed in Q2 & 3?

   • GDP in Quarter 2 (Apr to June 2020) is estimated to have fallen 19.5%, a downwards revision of 0.5 percentage points, and in Quarter 3 (July to Sept) is estimated to have grown by 16.9%, an upwards revision of 0.8 percentage points.

   GDP quarterly national accounts, UK: October to December 2020

   www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/quarterlynationalaccounts/octobertodecember2020

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3. www.ons.gov.uk › economy › grossdomesticproductgdpGDP quarterly national accounts, UK: October to December 2020

   www.ons.gov.uk › economy › grossdomesticproductgdp

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   GDP in Quarter 2 (Apr to June 2020) is estimated to have fallen 19.5%, a downwards revision of 0.5 percentage points, and in Quarter 3 (July to Sept) is estimated to have grown by 16.9%, an...

4. www.ons.gov.uk › economy › grossdomesticproductgdpGDP quarterly national accounts, UK: April to June 2020

   www.ons.gov.uk › economy › grossdomesticproductgdp

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   UK gross domestic product (GDP) is estimated to have contracted by 19.8% in Quarter 2 (Apr to June) 2020, revised from the initial estimate of a 20.4% fall.

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5. Videos

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     US GDP Rises by a Revised 2.1% in Second Quarter

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6. www.ons.gov.uk › gdpmonthlyestimateuk › june2020GDP monthly estimate, UK - Office for National Statistics

   www.ons.gov.uk › gdpmonthlyestimateuk › june2020

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   Nominal gross domestic product (GDP) fell by a record 15.4% in Quarter 2 (Apr to June) 2020, following a fall of 1.2% in the previous quarter. Taxes less subsidies fell by 83.7% in Quarter 2...

   • Author: James Scruton

7. www.statista.com › chart › 19912Chart: UK GDP Takes Major Hit From Coronavirus | Statista

   www.statista.com › chart › 19912

   • Cached

   Aug 13, 2020 · The UK economy shrank by an excruciating 20.4 percent in the second quarter of 2020 when the country was at the height of its coronavirus outbreak. After quarter on quarter GDP growth figures...

8. www.gov.uk › government › statisticsGDP quarterly national accounts, UK: April to June 2020

   www.gov.uk › government › statistics

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   Sep 30, 2020 · Business and industry. Accredited official statistics. GDP quarterly national accounts, UK: April to June 2020. Revised quarterly estimate of gross domestic product (GDP) for the UK. Uses...

9. www.ft.com › content › b95e639f-7680-4b19-9d64-7cUK economy shrank more than previously estimated in 2020 ...

   www.ft.com › content › b95e639f-7680-4b19-9d64-7c

   Aug 22, 2022 · The ONS now forecasts that the economy fell 21 per cent in the second quarter of 2020, rather than by 19.4 per cent as estimated previously. It also revealed that the GDP contraction was...

10. www.ft.com › content › 875fe197-587b-4b27-aee6-65b15UK economy grows 4.8% in second quarter - Financial Times

    www.ft.com › content › 875fe197-587b-4b27-aee6-65b15

    Aug 12, 2021 · Britain’s economy surged forward in the second quarter, growing 4.8 per cent as consumers eagerly spent money following the easing of coronavirus restrictions and the progress of the...