Kate Andrews Kate Andrews

Will the third wave stop our economic recovery?

The UK economy continued to rebound in April, with this morning’s update from theOffice for National Statistics showing GDP grew 2.3 per cent — slightly better than the consensus prediction of 2.2 per cent. The reopening of non-essential shops and outdoor hospitality on 12 April contributed to the boost. GDP now sits 3.7 per cent below its pre-pandemic levels, the closest we’ve come to achieving full recovery.

Forecasters are increasingly confident that we’ll be back to pre-pandemic levels in 2021, even possibly before Q4.

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