Our latest view on the outlook for the UK economy and commercial property market.

  • UK GDP contracted by a record 20.4% in Q2, illustrating the depth of the recession. The most recent month on month data (June) captures the start of the recovery, with 8.7% growth.
  • This means GDP has grown 11.3% since its April low, but remains 17.2% beneath its level in February, before the coronavirus crisis.
  • Public spending in response to the coronavirus has increased to £190 billion following the latest round of policies announced in the July summer statement.
  • Business investment had largely stalled in the couple of years leading up to the Covid-19 pandemic. It had been expected to strengthen moderately in line with a clearer path for Brexit, but it is now expected to be lower than it would have been over the next five years.
  • The mid-longer term performance of the UK economy will be largely driven by supply side factors such as the labour force and productivity. How these fare will be dependent on how the Covid-19 pandemic unfolds over the remainder of the year and in 2021.

Economic and property market review Summer 2020

Economic and property market review Spring 2020

Economic and property market review Winter 2019

Economic and property market review Autumn 2019

Economic and property market review Summer 2019

Economic and property market review Spring 2019

Economic and property market review Winter 2018

Economic and property market review Autumn 2018

Economic and property market review Summer 2018

Economic and property market review Spring 2018

Key Contact

+44 (0)20 7911 2340