The economy was boosted by the reopening of pubs, restaurants, hotels, museums and hairdressers in JulyBritain’s economy has recovered almost half of the GDP lost at the height of the pandemic after growing for a third month running in July as more lockdown restrictions were eased. GDP expanded by 6.6 per cent in the month after rises of 8.7 per cent in June and 2.4 per cent in May, leaving output 11.7 per cent smaller than in February, before the pandemic hit. Over March and April the economy shrank 25.6 per cent. July’s bounceback was in line with expectations for monthly growth of 6.7 per cent and puts the economy on track for record quarterly growth of “at least 12 per cent” in the three months to September, the EY Item Club said, after the record 20.4 per cent fall

Source: The Times September 11, 2020 08:02 UTC