UK | The economy takes a small step to recovery
Although February saw GDP make only a modest advance in exiting a Covidshaped hole, the month’s 0.4% m/m rise in output should herald the start of an increasingly rapid rebound in activity.
Notably, the reopening of non-essential retail and outdoor hospitality on April 12 is set to deliver a much stronger rise in GDP this month. Meanwhile, we learnt that the MPC will soon lose Andrew Haldane, its most bullish member.
What you will learn from this report:
- February saw activity begin to make up the loss caused by lockdown.
- The effect of April 12’s partial reopening was evident in some high-frequency data.
- Online job vacancies have returned to pre-pandemic levels.
Tags:
Related Services
Post
After the presidential debate, the US election remains a toss-up
Though Vice President Kamala Harris' chances of winning the election have improved since her debate with former President Donald Trump, we aren't changing our subjective odds for the outcome of the 2024 presidential contest.
Find Out More
Post
Introducing our US immigration tracker
We created a real-time tracker of unauthorized migrants to the US, the driving force behind the nation's post-pandemic immigration surge. New undocumented migrants in the US will total 2.3mn this year, nearly 1mn lower than in 2023.
Find Out More