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'.

'Squeezing activity': Economists predict a GDP crash this winter as the second wave bites and jobs are lost

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.'

This article is republished from Daily Mail Online. Read the original article.

TRENDING NEWS