GDP fell 20.4% in April, the largest monthly drop on record

Monthly index

110

1

2

3

100

90

80

4

70

60

1997

2000

2005

2010

2015

2020

1. June 2002 -2.2%

Extra bank holiday for Queen’s Golden Jubilee

 

2. Sept 2008 -1%

2008 financial crisis strikes

3. June 2012 -1.5%

Extra bank holiday for Queen’s Diamond Jubilee

 

4. April 2020 -20.4%

Covid-19 and resulting lockdown

110

June 2002

-2.2%

Extra bank holiday for Queen’s Golden Jubilee

Sept 2008

-1%

2008 financial crisis strikes

100

90

June 2012

-1.5%

Extra bank holiday for Queen’s Diamond Jubilee

80

April 2020

-20.4%

Covid-19 and resulting lockdown

70

60

1997

2000

2005

2010

2015

2020