The third quarter economic bounce does not make up for the 18.8 percent contraction in the second quarter. The UK economic recovery during the third financial quarter was slightly quicker than previously thought. However, this does not make up for the 18.8 percent fall seen in the April to June quarter, when much of the economy was shut to limit the spread of coronavirus. The UK's economy fell by 21.2 percent in the second quarter compared to the end of 2019. Among the G7 economies, only France at 18.9 percent and Italy at 17.8 percent came close to the hit that the UK took during that quarter.-Photo: Sky News

Source: The Standard December 22, 2020 10:28 UTC