ZCZC
BCN-07
HEALTH-VIRUS-BRITAIN-ECONOMY-GROWTH
UK economy rebounds 15.5% in third quarter
LONDON, Nov 12, 2020 (BSS/AFP) – Britain’s economy rebounded by 15.5 percent in the third quarter, emerging from a historic recession as initial coronavirus lockdown measures were eased, official data showed on Thursday.
“UK gross domestic product (GDP) is estimated to have grown by a record 15.5 percent in July to September… as lockdown measures were eased,” the Office for National Statistics said in a statement.
The economy, however, was still 9.7 percent smaller than before this year’s coronavirus-induced recession after a massive contraction in the second quarter.
BSS/AFP/MSY/1320 hrs