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17 September 2021 - UK recovered fastest in G20 in Q2
"The recovery of the UK economy is waning slightly as the country faces several headwinds as its struggles to regain where it was pre-Covid.
The UK posted by far the fastest rate of recovery in G20 for Q2, growing at 4.8% in Q2 after a 1.6% contraction in Q1. The next fastest recovery was seen in Italy, which grew by 2.7%.
That rate of growth won’t be repeated in Q3, as the effect of the emergence from lockdown for several sectors of the economy will no longer be present.
The recovery of the UK economy is waning slightly as the country faces several headwinds as its struggles to regain where it was pre-Covid.
The hospitality and tourism sectors saw rates of growth well above the average but the inability to attract staff, which has led to shortages as well as difficulties in the logistics sector, have seen the recovery stutter.
"
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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By CurrencyTransfer
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"The recovery of the UK economy is waning slightly as the country faces several headwinds as its struggles to regain where it was pre-Covid.
The UK posted by far the fastest rate of recovery in G20 for Q2, growing at 4.8% in Q2 after a 1.6% contraction in Q1. The next fastest recovery was seen in Italy, which grew by 2.7%.
That rate of growth won’t be repeated in Q3, as the effect of the emergence from lockdown for several sectors of the economy will no longer be present.
The recovery of the UK economy is waning slightly as the country faces several headwinds as its struggles to regain where it was pre-Covid.
The hospitality and tourism sectors saw rates of growth well above the average but the inability to attract staff, which has led to shortages as well as difficulties in the logistics sector, have seen the recovery stutter.
"
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.