“This level of borrowing was both necessary and the right thing to do." Professor Abhinay Muthoo of Warwick Economics comments on the news that public sector net borrowing has reached 14.5% of gross domestic product (GDP), the highest level since 1946.
"It is crucial to note that these figures, although very positive, cover the period before the important date of 12 April when non-essential shops and outdoor dining started to open." Dr Sinem Hidir, Associate Professor of Economics at the University of Warwick, comments on today's retail figures from ONS.
Dr Sinem Hidir, Associate Professor in the Department of Economics, comments on today's Labour party campaign launch.
"Unprecedented times call for unprecedented policy responses" - Professor Abhinay Muthoo comments on the GDP drop
"This is unprecedented in living memory. It is hugely tragic in so many ways but especially in terms of what it has meant and means for many people’s livelihoods and for many businesses." Professor Abhinay Muthoo, Dean of Warwick in London, comments on the news that output in the UK fell by 20.4 per cent in April compared with the previous month.
It was suggested following yesterday's Coronavirus Press Briefing that the economic downturn in the wake of the virus could be the biggest since the 18th century South Sea Bubble. Economist Dr Claudia Rei explains the difference between a bubble and the unprecedented situation the world economy is now facing.