Economics
U.K. Economy Sees Faster Growth in June as Lockdown Eases
- Growth set to moderate as post-lockdown euphoria fades
- Staff and materials shortages leave many sectors struggling
Photographer: Hollie Adams/Getty Images
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The U.K. economy grew more than expected in June as lighter coronavirus restrictions led to renewed strength in nation’s dominant services.
Gross domestic product rose 1%, more than the 0.8% predicted by economists, the Office for National Statistics said Thursday. That made growth for the second quarter at 4.8%, close to the 5% pace the Bank of England predicted last week.