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UK economy rebounds stronger than expected

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The UK economy has learned to live with lockdowns, rebounding faster than previously thought, according to the latest GDP figures.

This marked big increases from previous estimates of 16.1% and 1%.

The UK economy suffered a more pronounced contraction during the first coronavirus lockdown, but rebounded more strongly than previously thought at the end of 2020.

GDP fell even more than the first forecast between April and June of last year – a drop of 19.5% from the original estimate of 19%.

Douglas Grant of Conister, part of the AIM-listed Manx Financial Group, said: “GDP numbers are starting to show stability and perhaps signs of a potential recovery as markets wait with it. impatient for the UK to regain its pre-COVID economic potential. ”


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