Coronavirus: United Kingdom, facing worst recession on record, sees GDP drop 20.4% in Q2

The UK has seen its economy, hit by the coronavirus crisis, suffer a "record" contraction of 20.4% in the second quarter, and is officially facing its worst recession on record, agency figures show National Statistics (ONS), published Wednesday 12 August. 
Economists consider that a country enters a technical recession when it accumulates two consecutive quarters of contraction in its economy. According to the ONS, most of the contraction, which began to be felt in March, occurred in April, an entire month of containment and almost total cessation of activity in the country, which saw production collapsed by 20%.

With a very early recovery in construction sites and manufacturing activity, gross domestic product (GDP) rebounded in May by 2.4% (revised figure), followed by an acceleration in June (+8.7 %) thanks in particular to the reopening of all shops. This is the biggest contraction in the UK economy since the ONS began these quarterly statistics in 1955, he said…

Opening of Spain to tourists: "Tourism players have lobbied because it is necessary for employment and certain regions"

Foreign tourists will be able to come to Spain again from July, the Spanish government announced on Saturday. "People can plan their holidays. We can guarantee that tourists will not take risks and that they will not represent risks for our country either," said Prime Minister Pedro Sanchez.

Opening of Spain to tourists: "Tourism players have lobbied because it is necessary for employment and certain regions"

"The players in tourism have lobbied because it is necessary for employment and certain regions," said Sunday May 24 on franceinfo Jean-Pierre Mas, president of Entreprises du voyage, who also does not expect a rush for large accommodation such as hotels.

It's a good thing, but you can't hope to do the summer season that you did in previous years in one month. Spain is the number one tourist destination for the French, with just over 11 million. We will have an intermediate season.

Won't tourists hesitate to go abroad?

There is already a tendency that we feel to shudder and which is to spend the holidays in places where there are not too many people, that is to say in the countryside, the mountain rather than in seaside area. In Spain tourism is concentrated in the Canaries, the Balearic Islands, Catalonia, Andalusia. Among French tourists, a third is in family accommodation or second home or rental. This third party will surely continue to go to Spain. The fear is for large accommodation like hotels.


Was it the Spanish tourism players who lobbied for this recovery?

There is no doubt. Tourism is vital for certain regions. Tourism stakeholders have lobbied because it is necessary for employment and certain regions. This turnaround is quite surprising since we were in the fortnight and here we are on July 1st in total freedom. It will be interesting to see if France follows the same policy in the other direction.

How much are the losses recorded by travel companies estimated?

Starting from a summer that would be French-French, we estimate our losses at 85% of the business volume of the same period last year. It's huge. The fact that you can travel to Greece or Spain will certainly reduce this level of loss. Italy is the fourth destination sold by agencies, just after Tunisia.