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UK sectoral output

Author

Listed:
  • Cyrille Lenoel
  • Young, Garry

Abstract

Most industries experienced large falls in output during the spring lockdown and have only partially recovered by November 2020. Activity is currently subdued even in sectors not directly impacted by social distancing measures because of negative spillovers from other sectors. We forecast the recovery to be relatively stronger compared to the recovery from the 2008-09 recession in the production industries, construction and finance, and to be relatively weaker in the public sector, real estate and private traded services.

Suggested Citation

  • Cyrille Lenoel & Young, Garry, 2021. "UK sectoral output," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 1, pages 21-23.
    • Handle: RePEc:nsr:niesra:i:1:y:2021:p:21-23
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    File URL: https://www.niesr.ac.uk/wp-content/uploads/2021/10/UK-outlook-9-feb-4.pdf
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    References listed on IDEAS

    as
    1. van de Ven, Justin, 2017. "SIDD: An adaptable framework for analysing the distributional implications of policy alternatives where savings and employment decisions matter," Economic Modelling, Elsevier, vol. 63(C), pages 161-174.
    2. Sensier, Marianne & Devine, Fiona, 2020. "Understanding Regional Economic Performance And Resilience In The Uk: Trends Since The Global Financial Crisis," National Institute Economic Review, National Institute of Economic and Social Research, vol. 253, pages 18-28, August.
    3. Arno Hantzsche & Garry Young, 2019. "The Economic Impact of Prime Minister Johnson's New Brexit Deal," National Institute Economic Review, National Institute of Economic and Social Research, vol. 250(1), pages 34-37, November.
    4. Hantzsche, Arno & Young, Garry, 2020. "Prospects For The Uk Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 251, pages 4-34, February.
    5. Verikios, George & Hurst, Ian & Young, Garry, 2020. "Assessing Long-Run Growth Prospects For The Uk’S Regions," National Institute Economic Review, National Institute of Economic and Social Research, vol. 254, pages 12-27, November.
    Full references (including those not matched with items on IDEAS)

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