Article preview: Could this be a sign of the much-heralded V-shaped recovery we’ve been waiting for? The latest official figures show that the UK economy expanded by 6.6% in July. However, despite this impressive one-month growth, the size of the UK economy remains 11.7% smaller than it was before the start of the pandemic. July’s growth figure is the third consecutive month of economic expansion but means the UK economy has only recovered a little more than half of the output lost due to the Covid-19 pandemic.
These figures hint at a v-shaped recovery
This 320-word blog post looks at the latest official economic growth figures for July 2020 and asks whether the economic recovery can be sustained in the medium-term. Written on 11th September 2020.
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