The easing of Corona restrictions revives Britain’s economy.. the highest monthly growth in nearly a year

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The United Kingdom recorded a 2.3% growth in gross domestic product in April, the fastest monthly increase since July 2020, thanks to the lifting of some health restrictions, the Office for National Statistics announced today, Friday.

The rise in gross domestic product came, led by the services sector, with the reopening of terraces of restaurants, bars, shops and non-essential businesses, while industry and construction witnessed a decline in gross domestic product, according to the statistics office.

April’s GDP is still 3.7 percent lower than it was in February 2020, before the shock of the pandemic and lockdowns.

British Finance Minister Rishi Sunak commented, “These numbers are a promising sign that our economy is starting to recover.”

“Activity rebounded strongly during the month when hair salons, shopping malls and gyms returned to work,” said Yael Selvin, an economist at specialist group KPMG.

In addition to reopening part of the economy after a strict closure at the end of December, a vaccination campaign and a boost in consumer confidence contributed to GDP growth in April.

“We expect a slowdown in growth in May and June (…) but the return of activity to a more normal level should be reflected in solid figures for GDP in the second quarter, which we expect to rise by 4.3%,” Selvin added.

In mid-May, restaurants reopened their indoor halls as well as hotels, as part of a new phase in the process of lifting restrictions in England.

Prime Minister Boris Johnson is supposed to announce in the coming days whether he will confirm the complete lifting of health restrictions on June 21, as scheduled, given the rapid increase in the number of new infections with the Corona virus due to the spread of new mutant.







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