Economy grew as Covid rules ended but supply chain woes cast bleak forecast
Latest GBP data showed further signs of a slowdown in the UK’s recovery from the pandemic as global supply chain woes take their toll.
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GDP: Lockdown easing boosts economy with 4.8% growth from April to June
GDPThe second quarter figures show the economy continuing to recover (increasing for the fifth month in a row) but still 2.2% below its pre-Covid level.
UK economy contracted by 1.6% as people saved at record levels, figures show
The Office for National Statistics said GDP contracted by more than initially thought in the first quarter.