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UK Economic and fiscal outlook – UK Office for Budget Responsibility

The coronavirus pandemic has delivered the largest peacetime shock to the global economy on record. It has required the imposition of severe restrictions on economic and social life; driven unprecedented falls in national income; fuelled rises in public deficits and debt surpassed only in wartime; and created considerable uncertainty about the future.

…GDP is set to fall by 11 per cent this year – the largest drop in annual output since the Great Frost of 1709.

https://obr.uk/docs/ExecSumm_November_2020.pdf