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UK economy grows 1.1% in September, rebounds 15.5% in third quarter

That quarterly growth did not make up for the record 19.8 per cent fall recorded in the second quarter when much of the economy was shuttered in connection with the coronavirus lockdown

Pounds, British, UK, economy, currency

“Britain's Covidcrisis, and its recovery phase, will take far longer than many people first thought," said James Smith, research director of the Resolution Foundation

AP | PTI London
The British economy bounced back strongly in the third quarter of the year as many of the restrictions associated with the spring lockdown were lifted, official figures showed Thursday.

The Office for National Statistics said the economy grew by 15.5 per cent in the July to September period. Though that was in line with market expectations, the recovery clearly eased in September, with monthly growth of only 1.1 per cent, a clear sign that the recovery was already running out of steam before a resurgence of the coronavirus led to the reimposition of restrictions.

That quarterly growth did not make up for

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First Published: Nov 12 2020 | 11:21 PM IST

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