Summary List Placement

The UK economy grew at a rate of 4.8% in the second quarter after shrinking 1.6% in the first, as the easing of COVID-19 restrictions and a rapid vaccine rollout powered a solid economic rebound.

Gross domestic product increased more than expected in June, rising 1% month-on-month, the Office for National Statistics said on Thursday. That was ahead of the 0.8% expected by economists and more than the 0.6% gain in May.

Overall, the level of UK GDP in June was around 2.2% below its pre-pandemic level in February 2020. The Bank of England expects the details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com