GDP fell 10.4% in the three months to April, more than during any recent crisis

Quarter-on-quarter growth, %

4%

0

1

2

3

4

-4

Q1 2020

2% fall

-8

Feb-Apr

10.4% fall

-12

1960

1980

2000

2020

1. Oil crisis, the three day week and miners' strikes 1973-76

 

2. Winter of Discontent and early 1980s recession 1979-81

3. Early 1990s recession and Black Wednesday 1990-92

 

4. 2008 financial crisis 2008-09

4%

0

Q1 2020

2% fall

-4

1973-76

Oil crisis,

the three

day week and miners' strikes

1979-81

Winter of Discontent and early 1980s recession

1990-92

Early 1990s recession and Black Wednesday

2008-09

2008 financial crisis

-8

Feb-Apr

10.4% fall

-12

1960

1970

1980

1990

2000

2010

2020