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Kalkine Media ASX Share Market News & Research

NIESR predicts a 5% GDP decline in the first quarter

April 11, 2020 05:46 PM BST | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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The National Institute of Economic and Social Research (NIESR) in its “April 2020 GDP Tracker” has revealed that the nation’s economy in the first quarter of 2020, could now see growth decline by 5 per cent.

  • The organisation has also warned that if the lockdown continues, the growth could decline by near to 15 to 25 per cent in the second quarter.
  • It further elaborated that the lockdown is causing the largest contraction in economic activity since 1921, as it reduces overall activity by around 20 per cent every month.

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