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UK economy grew by record 16% in third quarter after first lockdown slump

Britain's economic recovery from its coronavirus crash was a bit quicker than previously thought in the July-September period, official data showed

UK economy, Brexit

Shoppers walk along Oxford Street in London, Britain

Reuters LONDON

LONDON (Reuters) - Britain's economic recovery from its coronavirus crash was a bit quicker than previously thought in the July-September period, official data showed on Tuesday.

Gross domestic product grew by a record 16.0% in the third quarter - revised up from a previous estimate of 15.5% - but that still did not make up for its 18.8% slump in the April-June period when much of the economy was shut down.

 

(Reporting by Andy Bruce; Writing by William Schomberg)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Dec 22 2020 | 1:11 PM IST

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