Britain’s GDP Growth Slowed in October Due to The Pandemic

Official figures showed that the recovery of the British economy almost stopped in October due to the high number of cases of Coronavirus, which dealt a blow to the hospitality sector.

The Office for National Statistics said gross domestic product rose 0.4% month-on-month, which is in line with expectations in a Reuters poll for a slowdown in growth from 1.1 in September.

British economic output in October was 8.2% below levels recorded a year ago, a slight change from the 8.4% decline in September. Growth slowed in the three months to October to 10.2% from 15.5% in the three months to September.