Beyond Currency

07 April 2021 - A different type of recovery beckons


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"The UK’s recovery from the Covid-19 Pandemic is not only going to be far stronger than analysts predicted, but it will be a different kind of recovery.
Data released by the Office for National Statistics showed that in Q2 of last year, the first quarter where the economy was fully locked down, the economy shrunk by 19.5%. That is marginally worse than previously reported.
However, in the third and fourth quarters the recovery was a little stronger than first believed. In Q3, the rebound saw the economy grow by 16.9% and in Q4 1.3%.
In the context any previous downturn, not only has the contraction and recovery been immediate, but there has been no recession when judged by the classic definition of two consecutive quarters of negative growth.
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Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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