UK Economy Bouncing Back As Job Opportunities
Rise
The UK economy grew
by 4.8% between April and June, according to official figures, as most
businesses emerged from lockdown.
Data from the Office for National
Statistics showed that the expansion in gross domestic
product (GDP) was fuelled by retail, restaurants and hotels.
Education also
boosted the economy as schools reopened in the second quarter.
However, the figure
was slightly below the 5% the Bank of England expected.
The UK economy is
now 4.4% smaller than it was before the pandemic.
Growth in the second
quarter contrasts with the first three months of the year, when the economy
shrank by 1.6% while Covid restrictions were still in place. Source BBC and
ONS.
Advertised job
vacancies also rose particularly in the building industry. However, unemployment
could rise next month when the furlough job retention scheme ends.
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