The real ‘news’ in today’s official GDP data for Q2 is not that the UK economy shrank for a second successive quarter in the three months to June, thus meeting the usual definition of a ‘recession’. That was a racing certainty anyway given the collapse in economic activity in April and the limited recovery in … Continue reading A glass-half-full take on UK GDP
Tag: V-shaped recovery
The lacklustre GDP data in May have put a significant dent in hopes of a rapid turnaround in the UK economy, but I’m not going to bin my relatively optimistic forecasts just yet. I still expect the shape of the recovery to look roughly like a 'V', with GDP back close to pre-Covid levels by … Continue reading Is the UK still on track for a V-shaped recovery?