GDP fell 20.4% in the second quarter of 2020, the most since records began

Quarter-on-quarter growth, %

5%

0

-5

1

2

3

4

-10

Q1 2020

2.2% fall

-15

Q2 2020

20.4% fall

-20

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

5%

0

Q1 2020

2.2% fall

-5

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

-10

-15

Q2 2020

20.4% fall

-20

1960

1970

1980

1990

2000

2010

2020

5%

0

Q1 2020

2.2% fall

-5

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

-10

-15

Q2 2020

20.4% fall

-20

1960

1970

1980

1990

2000

2010

2020