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The UK's economic growth has slowed dramatically.

 
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Registrace: 8.7. 2021
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PříspěvekZaslal: pá 10. září, 2021 9:11    Předmět: The UK's economic growth has slowed dramatically. Citovat




The UK economy grew just 0.1% in July. Due to the latest Covid restrictions being lifted in the UK It was the sixth straight month of economic growth, but the increase was much lower than the previous month's 1% growth.Arts, entertainment and recreational activities are fueling the increase as more people hang out.The Office for National Statistics (ONS) said the UK economy remains 2.1% below its pre-epidemic peak.

ONS said it was driven by outdoor activities such as sports clubs, theme parks and festivals. Following the easing of social distancing restrictions on 19 July in England The main growth factor, however, was a 1.2% increase in production, driven by the reopening of oil fields. which was previously temporarily closed for planned maintenance Jonathan Athow, associate statistician at ONS, said:

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What is GDP and how does it affect me?

Service output was largely unchanged in July. But the construction sector contracted for the fourth straight month. with a 1.6% drop in output Construction has been hit by a shortage of building materials as prices skyrocket and supply is out of line with demand.Overall, GDP grew 3.6% in the three months to July, the ONS said.

stop in its path

Prof. Chakchit Chada, director of the National Institute for Economic and Social Research, told the BBC's Today show that the increase in July "Below what most people expected.But he added: "The economy is gradual. return to pre-epidemic levels There are often potholes along the way.
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