Business

business news | COVD-19: GDP grew by 2.3% as high streets and hospitality reopened in Aprl | Business News

business news

Britain’s economy grew by 2.3% in April as the high street and hospitality sector reopened, official figures show.

The GDP data from the Office for National Statistics (ONS) covers a period when non-essential retail as well as outdoor drinking and dining were allowed to resume.

It followed a subdued start to the year when latest lockdown measures sent the economy into reverse gear.

The COVID-19 pandemic resulted in GDP shrinking by nearly 10% in 2020, the biggest collapse in 300 years.

Forecasters predict that as Britain emerges from the crisis it will see a consumer-led bounce back with the fastest pace of growth since the Second World War.

But there are fears that a delay to the 21 June date for the end of lockdown measures could hold back the recovery.



Source link

Back to top button