UK GDP grew by 15.5% over the third quarter of this year, according to the latest data from the Office for National Statistics (ONS). While it is the largest recorded quarterly growth in history, the figures failed to hit the 15.8% forecast growth from economists.
The latest GDP figures are a stark contrast to the readings from Q2, which found the UK's GDP fell by 19.8% due to stringent measures implemented during the first lockdown. That said, the UK economy remains 10% below pre-pandemic levels, while during September of this year the UK economy expanded by 1.1%, which fell below expectations of 1.5%. August, which saw 2.5% growth, also failed to meet expectations. Jon Hudson, manager of the Premier UK Growth fund at Premier Miton, said: "Growth in the quarter started brightly, boosted by the easing of lockdown restrictions and the Eat Out to...
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