UK Economic Outlook Winter 2020

UK Economic Outlook Winter 2020

COVID-19 has significantly impacted the world as we know it: socially and economically. Garry explains how the UK economy should have faired in the year 2020 based on factors that emerged in 2019, excluding coronavirus.
Overview

The broad short-term outlook for the economy is for a continuation of recent trends. But underneath this apparent stability are some significant changes that are tilting the balance between private and public sectors, the regions of the UK, and who we trade with externally.

Key learning objectives:

  • What are the three factors shaping the UK economy over 2020?

  • What do these three factors imply for the way the economy will develop over 2020 and 2021?

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Summary
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Expert
Garry Young

Garry Young

Garry is the Director of Macroeconomic Modelling and Forecasting at the National Institute of Economic and Social Research, the UK’s oldest independent research institute. His research interests cover all aspects of applied macroeconomics and policy. Garry rejoined NIESR in 2017 following 17 years working on monetary policy and financial stability at the Bank of England.

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