The indicators and analysis presented in this bulletin are based on responses from the new voluntary fortnightly business survey, which captures businesses responses on how their turnover, workforce prices, trade and business resilience have been affected in the two week reference period. These data relate to the period 6 April 2020 to 19 April 2020.

As of November 2021 the overall cost of the United Kingdom's job retention scheme was 70 billion British pounds. The number of jobs furloughed on the scheme has been steadily declining since May 2020, with around 2.4 million jobs still in furlough by the end of October 2020.

This page is no longer updated. It has been superseded by the Business insights and impacts on the UK economy dataset page (see link in Notices). It contains comprehensive weighted datasets for Wave 7 onwards. All future BICS datasets will be available there. The datasets on this page include mainly unweighted responses from the voluntary fortnightly business survey, which captures businesses’ responses on how their turnover, workforce prices, trade and business resilience have been affected in the two-week reference period, up to Wave 17.

An October 2021 report examined the number of job losses in the out-of-home leisure economy due to the coronavirus (COVID-19) pandemic in the United Kingdom in 2020. According to the study's estimates, the food-led subsector suffered the most from within the out-of-home leisure industry, having lost roughly *** thousand jobs in the first year of the pandemic.

In 2020, global gross domestic product declined by 6.7 percent as a result of the coronavirus (COVID-19) pandemic outbreak. In Latin America, overall GDP loss amounted to 8.5 percent.

An October 2021 report explored the impact of the coronavirus (COVID-19) pandemic on the cultural out-of-home industry in the United Kingdom between 2020 and the first half of 2021. The study showed that the night time economy suffered the most as a result of the pandemic, having experienced revenue losses of roughly ** billion British pounds between March 2020 and June 2021. Meanwhile, the daytime economy lost approximately ** billion British pounds in the same period. Overall, the cultural out-of-home industry lost over *** billion British pounds across all sectors.

Due to the coronavirus (COVID-19) pandemic, the cruise industry in the United Kingdom had to suspend its operations in March 2020. It was expected that the economic loss in direct expenditures would amount to 539 million British pounds within 60 days of the suspension, and 888 million British pounds after 90 days.

Weekly estimates of personal well-being including anxiety and life satisfaction, and financial and work impacts from coronavirus (COVID-19) for the population and select sub-groups in Great Britain.

This paper summarises the latest evidence and analysis on the impacts of COVID-19 on London’s economy so far and on the economic outlook so that key actors and stakeholders engaged in responding to the pandemic can have a readily available evidence base to inform policy responses.

This briefing presents evidence on the socio-economic impact of COVID-19 on London and Londoners​ Topics included in the briefing focus on recent data releases published in the preceding months that tell us how social policy issues are evolving in London since the start of the COVID-19 pandemic For more on the health and demographic impacts see the Demographic Impact Briefing and for labour market impacts see Labour Market Analysis. A page linking to all Covid-19 related data and analyses can be found here.

This is a summary report on the economic impact of COVID-19 on London’s small and medium enterprises (SMEs). It presents a uniquely granular and timely analysis of the impacts on London’s SMEs by sectoral, financial, employment, and risk indicators and includes deep dive case studies on the economic impact on the Night Time Economy, high streets and town centres, and the Culture and Creative industries. The analysis was undertaken on a pro bono basis by Bloomberg Associates, for and in close collaboration with the GLA providing guidance and direction. Partners supporting Bloomberg Associates included Slalom, Burning Glass Technologies, DueDil and CK Delta. It leverages a combination of public and private data from a range of financial, economic, behavioural, sociographic and demographic sources and complements the macro-economic scenarios for the London economy. The study was conducted between March 2020 and June 2020 and leverages the most updated data that was available at the time. It is important to note that new data and evidence constantly emerges and could be integrated in a potential future iteration of this work. The report has sought to: Illustrate the impact of the pandemic on London’s SMEs and local employment and improve understanding of the scale and scope of the economic challenges that London faces in recovery. Demonstrate the application of “bottom-up” and localised data to create a more complete, granular picture of overall economic impact Show the intersection of impact by sectors and geographies, exploring the relationship between these two factors to demonstrate the risk hot spots across Greater London. If you have any comments or questions related to the report, please email GLA Economics

The economic landscape of the United Kingdom has been significantly shaped by the intertwined issues of Brexit, COVID-19, and their interconnected impacts. Despite the country’s robust and diverse economy, the disruptions caused by Brexit and the COVID-19 pandemic have created uncertainty and upheaval for both businesses and individuals. Recognizing the magnitude of these challenges, academic literature has directed its attention toward conducting immediate research in this crucial area. This study sets out to investigate key economic factors that have influenced various sectors of the UK economy and have broader economic implications within the context of Brexit and COVID-19. The factors under scrutiny include the unemployment rate, GDP index, earnings, and trade. To accomplish this, a range of data analysis tools and techniques were employed, including the Box-Jenkins method, neural network modeling, Google Trend analysis, and Twitter-sentiment analysis. The analysis encompassed different periods: pre-Brexit (2011-2016), Brexit (2016-2020), the COVID-19 period, and post-Brexit (2020-2021). The findings of the analysis offer intriguing insights spanning the past decade. For instance, the unemployment rate displayed a downward trend until 2020 but experienced a spike in 2021, persisting for a six-month period. Meanwhile, total earnings per week exhibited a gradual increase over time, and the GDP index demonstrated an upward trajectory until 2020 but declined during the COVID-19 period. Notably, trade experienced the most significant decline following both Brexit and the COVID-19 pandemic. Furthermore, the impact of these events exhibited variations across the UK’s four regions and twelve industries. Wales and Northern Ireland emerged as the regions most affected by Brexit and COVID-19, with industries such as accommodation, construction, and wholesale trade particularly impacted in terms of earnings and employment levels. Conversely, industries such as finance, science, and health demonstrated an increased contribution to the UK’s total GDP in the post-Brexit period, indicating some positive outcomes. It is worth highlighting that the impact of these economic factors was more pronounced on men than on women. Among all the variables analyzed, trade suffered the most severe consequences in the UK. By early 2021, the macroeconomic situation in the country was characterized by a simple dynamic: economic demand rebounded at a faster pace than supply, leading to shortages, bottlenecks, and inflation. The findings of this research carry significant value for the UK government and businesses, empowering them to adapt and innovate based on forecasts to navigate the challenges posed by Brexit and COVID-19. By doing so, they can promote long-term economic growth and effectively address the disruptions caused by these interrelated issues.

According to quarterly pulse monitors, the Dutch economy will face a recession in 2020 due to the coronavirus and geopolitical events. This according to one of five sources in the Netherlands that presented an economic outlook for 2020. From 2018 to 2019, GDP in the Netherlands showed a *** percent growth. On March 9, 2020, Rabobank economists calculated that a *** percent of GDP growth was expected for 2020. The source originally noted, however, that this is not only due to the coronavirus outbreak. The Netherlands also was going to feel the future effects of the United Kingdom leaving the EU, as the UK was one of the Netherlands’ biggest trading partners. During March 2020, the Dutch economy was also negatively impacted by events such as the U.S. -China trade war or the sudden drop in oil prices. By June 2020, the *** percent GDP growth forecast was revised to minus *** percent.

Is COVID-19 going to have a bigger impact in the Netherlands than in other European countries?

According to a forecast from the European Commission conducted in July 2020, the Dutch economy suffered a GDP hit of *** percent quarter-to-quarter in Q1 2020. In addition, a projected quarterly GDP decline of **** percent was estimated in Q2 2020. Real GDP for the year 2020 was predicted to decline by **** percent, a figure that was lower than real GDP losses predicted for other European countries. While the Netherlands successfully adopted emergency measures to protect employment, it was expected that the Dutch economy would be affected by lower private consumption and exports. Economic consequences in the Netherlands were predicted to be not as negative as in other countries. Belgium, for instance, was expected to face a GDP loss of **** percent.

Back to reality: Dutch economic consequences so far

The coronavirus and its resulting quarantine measures caused, the largest decrease in domestic household consumption in the Netherlands in over 20 years. Restaurants were believed to be especially hit by the pandemic, whereas expenditure on food, beverages, and tobacco went up. Furthermore, between May and June 2020, the monthly unemployment rate of the Netherlands increased greatly. In January 2020, the seasonally adjusted unemployment rate for ages 15 until 75 years stood at ***** percent, whereas by July it had increased to *** percent.

The coronavirus pandemic has caused massive shocks to the global economy and dampened previously projected growth scenarios worldwide. According to a recent study, clothing and footwear retail was predicted to suffer a **** percent decline annually in 2020. However, with the diminishing of the impact of the pandemic, in 2021 the sector is forecast to grow by **** percent. In total terms, the retail industry is expected to grow by *** percent, as opposed to the *** percent decline in 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

Calderdale COVID Impact Assessment has been produced as evidence for the development and delivery for the Calderdale Inclusive Economic Recovery Plan and sets out a focus on economic recovery, but also considers the wider impacts of COVID-19 on Calderdale and its communities. Also see Inclusive Recovery and COVID Impact Assessment for more information and a range of related reports and datasets.

From April 2020 participants from our main Understanding Society sample have been asked to complete a short web-survey. This survey covers the changing impact of the pandemic on the welfare of UK individuals, families and wider communities. Participants complete a regular survey, which includes core content designed to track changes, alongside variable content adapted as the coronavirus situation develops. Researchers will be able to link the data from this web survey to answers respondents have given in previous (and future) waves of the annual Understanding Society survey.

United Kingdom % of Adults: Worried About The Effect of CO-19 on Their Current Life data was reported at 14.000 % in 05 Feb 2023. This records a decrease from the previous number of 19.000 % for 08 Jan 2023. United Kingdom % of Adults: Worried About The Effect of CO-19 on Their Current Life data is updated weekly, averaging 59.500 % from Mar 2020 (Median) to 05 Feb 2023, with 104 observations. The data reached an all-time high of 86.000 % in 29 Mar 2020 and a record low of 14.000 % in 05 Feb 2023. United Kingdom % of Adults: Worried About The Effect of CO-19 on Their Current Life data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.H091: Opinions and Lifestyle Survey: Social Impacts of COVID-19 on Great Britain (Discontinued). The series shows the percentage of adults who are very or somewhat worried about the effect of COVID-19 on their life right now. [COVID-19-IMPACT]