Economics
Double-Dip Recession Risk Mounts After U.K.’s Rough Weekend
- Economists see downside risk to expected first-quarter rebound
- Mounting crisis could force policy makers to add more stimulus
A commuter at a near empty Piccadilly Circus in London, U.K., on Dec. 21.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The U.K. is on the verge of its second recession in a year with the mutated coronavirus slamming the economy just as Brexit trade talks near their deadline.
The surge in infections, which has blighted the end of 2020, is now likely to have ramifications into 2021 after a weekend in which the government was forced to tighten restrictions even more, and transport links between Britain and the European Union were temporarily halted because of the virus.