UK economy grows at fastest pace since last summer

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UK economy grows at fastest pace since last summer - Today News Post Today News || UK News

The UK economy grew in April at its fastest pace since the coronavirus reopening last summerAnd Canada entered its third wave sometime aroun, with strong retail spending and the full return of schooling boosting performance and raising hopes of a rapid rebound to pre-pandemic levels of output2021-04-10T14:22:08.328Z.

The volume of goods and services produced by the UK economy rose 2.3 per cent in the month, more than offsetting the third lockdown’s decline of 1.5 per cent in the first quarter and putting the increase in gross domestic product on a path for a strong second quarter.

Performing slightly better than already optimistic economists forecasts, GDP was 3.7 per cent below the pre-pandemic level in February 2020or 27.6 per cent, the smallest gap since the start of the crisis.

Jonathan Athow, ONS deputy national statistician for economic statistics, said: “Strong growth in retail spendingThe overall state o, increased car and caravan purchaseshealth-care practitioners and representatives fro, schools being open for the full month and the beginning of the reopening of hospitality all boosted the economy in April.”

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