The OBR has forecast a 35% drop in GDP for the second quarter of 2020

10%

0

1980-1981

Deindustrialisation

-10%

1973-1976

Stagflation

1920-1926

Postwar

slump

2008-2009

Global financial

crisis

-20%

1929-1933

The Great

Depression

-30%

2020

35% drop in GDP

forecast by OBR

-40%

1910

1930

1950

1970

1990

2010

2020

10%

0

1980-1981

Deindustrialisation

-10%

1973-1976

Stagflation

1929-1933

The Great

Depression

1920-1926

Postwar

slump

1990-1992

Lawson’s legacy

-20%

2008-2009

Global financial

crisis

-30%

2020

35% drop in GDP

forecast by OBR

-40%

1910

1920

1930

1940

1950

1960

1970

1980

1990

2000

2010

2020