This Isn't A V-shaped Recession....

1st April 2020

Fraser of Allander Institute - March 31, 2020

Just three weeks ago, the OBR published forecasts of 1.1% growth in 2020.

How times have changed.

On the very same day, the Chancellor warned us to ignore these forecasts and to prepare for a ‘significant impact' on our economy.

Since then the situation has deteriorated further. Hopes that the recession that we are now in would be ‘v-shaped' - i.e. a sharp downturn followed by a bounce-back in the months to follow - have sadly largely disappeared.

The latest data, and emerging insights from on the ground, suggests that the effects of this crisis are going to be long-lasting.

In this blog we assess why.

Read the full blog HERE