Britain’s economy: less scarred by covid-19 than had been feared
Rishi Sunak, the chancellor, has money to play with
ECONOMIC FORECASTING is difficult, especially during a pandemic. On August 12th the Office for National Statistics (ONS) reported that GDP grew by 4.8% in the second quarter of this year, leaving the economy just 2.2% below its pre-pandemic level. The pace of recovery slowed a little in July as covid-19 cases spiked. Even so, official government forecasts from earlier in the year now look absurdly pessimistic.
This article appeared in the Britain section of the print edition under the headline “Not too gruesome”
Britain August 14th 2021
- Britain’s courts are in a mess
- The battle for north London’s public space
- The British government’s unwanted higher-education boom
- HS2’s extension and the paradox of infrastructure investment
- Brexit Britain wants to liberalise trade with poor countries
- Britain’s economy: less scarred by covid-19 than had been feared
- Boris Johnson’s strained love affair with the motorist
From the August 14th 2021 edition
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