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Stricter measures do not put pressure on business yet

New measures are putting little pressure on business, but the effect will accumulate

24.Sep.20 9:05 AM
By Abigail Richards


Stricter measures do not put pressure on business yet
The stricter measures announced by the UK Government to prevent further spread of the coronavirus have only limited impact on the economy. That's what Bloomberg economists (BE) say. However, concerns about corona are increasing, which may have a negative effect.

After 17% growth in the third quarter of this year, the UK economy will increase by 1% in the final quarter of 2020, according to market experts. Growth will also be limited at the beginning of 2021. All in all, at the beginning of next year, gross domestic product will be 7.5% below the pre-crisis level.

British Prime Minister Boris Johnson announced new measures earlier this week to stop the rapidly accelerating second wave of the coronavirus. Part of the package of measures is the advice that people should return to work from home if they can. There will also be new restrictions on cafes and restaurants. The use of mouth caps is also extended.

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