{"id":72414,"date":"2021-01-05T15:29:22","date_gmt":"2021-01-05T15:29:22","guid":{"rendered":"https:\/\/secondchargemortgageuk.com\/?p=72414"},"modified":"2021-01-05T15:29:24","modified_gmt":"2021-01-05T15:29:24","slug":"uk-economy-shrank-by-close-to-11-in-2020-says-deutsche-bank","status":"publish","type":"post","link":"https:\/\/secondchargemortgageuk.com\/uk-economy-shrank-by-close-to-11-in-2020-says-deutsche-bank\/","title":{"rendered":"UK economy shrank by close to 11% in 2020, says Deutsche Bank"},"content":{"rendered":"\n<p>The UK economy likely shrank by close to 11% in 2020, according to Deutsche Bank, marking the worst annual contraction in three centuries.<\/p>\n\n\n\n<p>The bank said growth prospects for 2021 on the other hand remained positive on the whole.<\/p>\n\n\n\n<p>&#8220;While tighter restrictions and some Brexit disruption will likely further disrupt the UK\u2019s recovery in the first quarter of 2021, an earlier-than-expected rollout of vaccines should support the UK\u2019s journey toward normalcy next year,&#8221; it said.<\/p>\n\n\n\n<p><em>To find out more about how we can assist you with your Second Charge Mortgage please <a rel=\"noreferrer noopener\" href=\"https:\/\/secondchargemortgageuk.com\/contact-us\/\" target=\"_blank\">click here<\/a><\/em><\/p>\n\n\n\n<p>DB said that while it\u2019s early days, it expects the recovery to firmly begin from the second quarter of this year.<\/p>\n\n\n\n<p>&#8220;We see growth coming in closer to 5% next year,&#8221; it said, adding that risks to its forecasts are firmly tilted to the upside.<\/p>\n\n\n\n<p>By Michele Maatouk<\/p>\n\n\n\n<p>Source: <a rel=\"noreferrer noopener\" href=\"https:\/\/www.sharecast.com\/news\/news-and-announcements--\/uk-economy-shrank-by-close-to-11-in-2020-says-deutsche-bank--7766380.html\" target=\"_blank\">Sharecast<\/a><\/p>\n\n\n\n<p><em>Discover our <a rel=\"noreferrer noopener\" href=\"https:\/\/secondchargemortgageuk.com\/\" target=\"_blank\">Mortgage Broker<\/a> services.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK economy likely shrank by close to 11% in 2020, according to Deutsche Bank, marking the worst annual contraction in three centuries. The bank said growth prospects for 2021 on the other hand remained positive on the whole. &#8220;While tighter restrictions and some Brexit disruption will likely further disrupt the UK\u2019s recovery in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1978],"tags":[2105,2075],"yst_prominent_words":[538,207,33,233],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK economy shrank by close to 11% in 2020, says Deutsche Bank<\/title>\n<meta name=\"description\" content=\"The UK economy likely shrank by close to 11% in 2020, according to Deutsche Bank, marking the worst annual contraction in three centuries.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, 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