Economics
U.K. Recovery Runs Into Trouble as August Growth Disappoints
- Output gained at half the pace expected by economists
- August should have been strong as lockdown eased, aid peaked
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The U.K.’s economic recovery slowed dramatically in August, throwing the strength of the nation’s rebound into doubt as coronavirus infections mount going into the final few months of the year.
Gross domestic product rose 2.1% in the month, less than half the pace forecast by economists and down from 6.4% in July. The slowdown came despite the government stepping up efforts to revive the beleaguered hospitality industry.