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U.K. Economy’s Record Rebound Still Leaves it Far Behind Others

  • Growth surged by a record in third quarter after recession
  • Recovery was already slowing in September, ONS data show
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Europe's Second Lockdown Risks Double-Dip Recessions
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The U.K. economy expanded the most on record in the third quarter, a rebound that still leaves Britain’s recovery trailing behind the world’s major industrialized nations.

Output surged 15.5% in the three months through September, according to data released Thursday, but the economy was still almost 10% smaller than before the pandemic. New virus restrictions could push it back into recession -- a threat that’s already forced the Bank of England and U.K. Treasury to launch another round of stimulus.