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Tag: UK economy

UK GDP loses momentum of recovery + 2.1% month-on-month lower than expected in August

UK GDP loses momentum of recovery + 2.1% month-on-month lower than expected in August

The government’s restaurant support system “Eat Out to Help Out” contributed significantly to the positive growth in August. According to ONS, more than half of the growth was in the accommodation and dining sector, where production increased by 71.4% due to the scheme and the relaxation of lockdown restrictions. “Although economic activity was confirmed to be […]