Lockdown 3.0 set to plunge UK back into recession, warn experts

Lockdown 3.0 set to plunge UK back into recession, warn experts (Peter Morrison/PA)

Warnings over a double-dip recession have ramped up as experts predict the economy will plunge between January and March as England is placed in lockdown for the third time.

Experts said gross domestic product (GDP) – a measure of the size of the economy – is now set to fall in both the final quarter of 2020 and first three months of 2021, plunging the UK back into recession, as defined by two successive quarters of falling output.