The UK economy began growing again in May but remains “in the doldrums”, according to a report released today by the Office for National Statistics. Monthly GDP expanded by an estimated 1.8% in May, following an unprecedented 20.4% contraction in April, but the UK economy is still 24.5% smaller than at the dawn of the crisis.
Modest GDP rebound in May dampens hopes of V-shaped recovery
The UK economy returned to growth in May following an unprecedented decline in April, but by less than expected
CoStar Analytics
July 14, 2020 | 11:12 AM
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