On March 11, 2020, a woman wearing a surgical mask walked through the Royal Exchange in the financial district of the capital, London, England.
Richard Baker | In pictures by Getty Images
The UK economy grew 6.6% month-on-month in July, according to preliminary estimates released on Friday, as the coronavirus-induced lockdown measures pushed the economy out of a deep recession.
The projected growth rate in July is broadly consistent with expectations in GDP (GDP), while monthly expansion by economists by Reuters is expected to be. %% growth, and June 8 .. %% and May% The record has slipped by 50% following the growth of. In April.
National Fiscal for National Statistics (ONS) data on Friday showed a decline of 11.7% compared to the same period last year, slightly lower than the expected contraction of 11.4%.
“As it continues to recover, the UK economy has yet to make up about half of the GDP lost since the onset of the epidemic,” Darren Morgan, director of economic statistics at ONS, said in a statement on Friday. Said.
The UK’s GDP in July was 18.6% higher than its April 2020 low, but down 11.7% from the previous epidemic seen in February.
Capital Economics UK economist Thamas Pugh Gay said July’s growth slowed slightly compared to the previous month, still indicating that a record-breaking GDP growth in the second quarter would follow, with a positive growth rate leading to a record. Third. The UK’s GDP contracted by 20.4% in the second quarter of 2020.
“However, July was the last of the big step ups in activity and full recovery may not be achieved until early 2022, so we think Bank of England will further expand QE (quantitative easing) to a total of 250 billion,” he said. “Pug estimates.
The country’s lockout move and the emergence of pubs and restaurants reopening in recent months mean that activity in the housing and food services sector rose 140.8% per month in July, contributing to a 6.1% expansion in total services production.
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