Kate Andrews Kate Andrews

Coronavirus looks set to hike UK unemployment rates – and skyrocket them in the eurozone

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What does the coronavirus crisis mean for unemployment in the UK and Europe? A study out today from Capital Economics offers a possible answer and if it’s bad news for Britain, its worse for those in the eurozone.

Here in Britain, the huge economic consequences spurred on by the virus – which will see growth plunge in the second quarter of 2020 – are estimated to cause a sharp, albeit short, spike in unemployment: an estimated rise from 3.9

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Kate Andrews
Written by
Kate Andrews
Kate Andrews is economics editor of The Spectator

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