Read our update to understand how the coronavirus pandemic is impacting the UK and global economies.
The COVID-19 crisis presents a unique challenge for the UK and global economy, as it constitutes a massive, simultaneous shock to demand, supply, and financial markets. Consumer demand has dropped sharply due to social distancing measures and widespread business closures, while production has fallen due to supply chain disruption and firms reducing operations. These impacts have, consequently, been amplified by decreased household and business confidence, in addition to a tightening in financial conditions.
Since the beginning of the outbreak, the CBI Economics team has been compiling thousands of anecdotes from businesses across the country to track the impact of the outbreak. The CBI’s regular sectoral surveys have also started including special COVID-19 questions to quantify the outbreak’s effect on activity. As a result of this intelligence-gathering, the CBI has been able to work closely with the UK government to help businesses overcome the challenges they face. View the CBI’s breakdown of financial suppo
Exclusive member-only content 
