Britain unexpectedly posted some growth in the second quarter, supported by a strong performance in June, official data revealed on Friday, but it remains the only one of the world’s largest economies not to return to pre-COVID-19 levels.<\/p>\n\n\n\n
The economy expanded by 0.2 percent in the second quarter, compared with the median forecast of economists in a Reuters poll for growth to remain unchanged.<\/p>\n\n\n\n
This performance was supported by a monthly growth of 0.5 percent in June, which exceeds all expectations in the Reuters poll, which indicated an expected growth of 0.2 percent.<\/p>\n\n\n\n
The Office for National Statistics said businesses cited an extra local holiday in May as a factor in the increase in output in June compared to the previous month.<\/p>\n\n\n\n
And although Britain has so far avoided a recession unlike the eurozone, the data confirms its relatively poor performance since the start of the Covid-19 pandemic.<\/p>\n\n\n\n
The British economy is now recording growth of 0.2 percent less than its levels at the end of 2019 in the second quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"
Britain unexpectedly posted some growth in the second quarter, supported by a strong performance in June, official data revealed on Friday, but it remains the only one of the world’s largest economies not to return to pre-COVID-19 levels. The economy expanded by 0.2 percent in the second quarter, compared with the median forecast of economists …<\/p>\n","protected":false},"author":9,"featured_media":45920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6837,9303,10444],"class_list":["post-87733","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-eurozone","tag-logistics","tag-uk-companies"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=87733"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87733\/revisions"}],"predecessor-version":[{"id":87734,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87733\/revisions\/87734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/45920"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=87733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=87733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=87733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}