U.K. to Suffer Deepest Recession in 300 Years, Sunak Says

The transcript discusses the UK's economic decline by 11.3%, the largest in over 300 years, and the expected recovery with growth rates of 5.5% in 2021 and 6.6% in 2022. Despite growth, economic output won't return to pre-crisis levels until late 2022, with long-term scarring reducing the economy by 3% by 2025. The pandemic has led to increased borrowing, with £394 billion forecasted for this year, the highest in peacetime history, decreasing in subsequent years but remaining significant.

What is the expected economic growth rate for the year 2022?

• 2.3%

• 6.6%

• 1.8%

• 5.5%

By when is the economic output expected to return to pre-crisis levels?

• Fourth quarter of 2022

• Third quarter of 2022

• Second quarter of 2022

• First quarter of 2022

How much smaller is the economy expected to be in 2025 compared to the March budget expectations?

• 1% smaller

• 2% smaller

• 3% smaller

• 4% smaller

What is the forecasted borrowing amount for the UK in the year 2022-23?

• £394 billion

• £164 billion

• £100 billion

• £105 billion

What percentage of GDP does the borrowing for this year represent?

• 25%

• 19%

• 15%

• 30%