UK economy still 11.7% below pre-coronavirus levels despite growth in July - News Summed Up

UK economy still 11.7% below pre-coronavirus levels despite growth in July


Despite growth in June and July, the UK is still 11.7% down on where it was in February. Car sales exceeded pre-crisis levels for the first time with showrooms having a particularly busy time. That means we've recovered 18.6% from the April 2020 low - but are still 11.7% below the levels seen in February 2020, before the full impact of the coronavirus pandemic. Tom Stevenson from Fidelity International said: “August’s GDP print will show the impact of the popular ‘Eat Out to Help Out’ scheme. But he was quick to add that things aren't better yet - despite three months of growth.


Source: Daily Mirror September 11, 2020 06:16 UTC



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