Experts predict UK economy will recapture pandemic losses by end of 2021

The figure, reported by the Office for National Statistics (ONS) this morning (12 August), includes a 1% rise in June and is "strongly ahead" of US and European equivalents, according to Charles Hepworth, investment director at GAM Investments. He called the figures "a stunningly strong rate of growth compared to other western economies on a like-for-like basis", but warned this "record pace" is unlikely to continue now that coronavirus restrictions have been largely factored in to growth forecasts. "Consumer expenditure drove the increase over the second quarter despite a rise in cor...