Economics
U.K. Economy Loses Steam With More Damage Yet to Come
- GDP rises just 0.4% in October compared with 1.1% in September
- Hospitality industry hammered by new measures to curb pandemic
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The U.K. recovery slowed sharply in October, setting the course for a turbulent end to the year.
The economy grew just 0.4% in the month, down from 1.1% in September, as new measures to control the pandemic kicked in, shuttering businesses in some areas and curbing household mixing in others.