Search

BRITAIN'S ECONOMY RETURNS TO GROWTH MORE SLOWLY THAN EXPECTED


Photograph: Toby Melville/Reuters


GDP for May at 1.8% disappoints analysts expecting a bigger boost after lockdown


The British economy returned to growth more slowly than expected in May as coronavirus lockdown restrictions were gradually relaxed after the sharpest plunge on record a month earlier.


The Office for National Statistics said gross domestic product (GDP) grew by 1.8% in May as the economy staged a modest recovery from April, when GDP crashed by a fifth during the first full month of lockdown.


After the biggest collapse in activity since records began, economists had expected some recovery in activity in May as the government eased restrictions on movement. However, the bounce back was weaker than growth of 5.5% forecast by City economists.


Read full article here: https://www.theguardian.com/business/2020/jul/14/at-18-uk-economy-returns-to-growth-more-slowly-than-expected-covid-19


An article by theguardian.com

3 views

For initial enquiries, please contact our UK headquarters during GMT business hours.


+44 (0) 203 664 8863

info@armstrongwolfe.com 

In-2C-121px-R.png