U.K. GDP edges up in May, leaving economy nearly a fifth below prelockdown levels!

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MarketWatch.com reports: “The U.K. economy rose 1.8% in May, only a slight rebound after the historic fall caused by the shutdown from the coronavirus pandemic.”

“The Office for National Statistics said the May rise came after a 20.3% drop in April and a 6.9% contraction in March.  Gross domestic product fell by 19.1% in the three months to May, as government restrictions on movement dramatically reduced economic activity, the ONS said.”

“The U.K. economy skidded 24.5% between February and May.”

 

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