Berenberg slashes UK growth forecasts for Q15 Jan 2021 14:13
the near-term outlook following the implementation of the new lockdown was “much worse than before”, forecasting a 2% decline in the first quarter of the current year compared to previous estimates of a 3% rise
Berenberg economist Kallum Pickering said the broker expected the UK to see a “gradual re-opening from early March onwards, with faster progress of normalisation thereafter as more people are vaccinated and springtime heralds the natural remission of seasonal respiratory viruses”