Slow return to growth ends hopes of swift recovery - The Times

The British economy returned to growth in May for the first time since the lockdown was announced but is still almost a quarter of the size it was before the crisis, according to official figures.

Economists abandoned their hopes of a swift, V-shaped recovery after figures from the Office for National Statistics showed that output rose by only 1.8 per cent in May. This was weaker than the 5.5 per cent rebound expected by economists.

The economy contracted by almost a fifth, down 19.1 per cent in the three months to May, but the depth of the damage was felt in April when output shrank by 20.3 per cent. The economy is now 24.5 per cent smaller than it was in February.

Rishi Sunak, the

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2020-07-14 11:00:00Z
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