Britain is on the brink of a double-dip recession because Covid restrictions are 'squeezing activity', economists warn.
They predict a GDP crash this winter as the second wave bites and jobs are lost.
George Buckley, from Nomura, said the UK would experience a 'lopsided W-shaped recovery' with a 'second, smaller dip in GDP over the winter'.
Capital Economics said the economy was taking a worrying turn after purchasing managers' index scores fell for two months even before restrictions 'begin to bite'.
Paul Dales, its chief UK economist, said: 'The trajectory is worrying and suggests Covid restrictions in September are squeezing activity. It's not looking good.'