UK economic recovery slowed in October as GDP growth hit 0.4%

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THE UK economy grew by 0.4% in October – its slowest pace of recovery in six months, new figures show today.

Gross domestic product (GDP) grew for a sixth month following a record fall of 19.5% in April 2020.

The economy had grown by 1.1% in September.

GDP is now 23.4% higher than its April low – but it remains 7.9% below the levels seen before the coronavirus pandemic in February 2020.

Experts also expect GDP to fall again in the final three months of this year following the second national lockdown in England.

Jonathan Athow, deputy national statistician at the ONS, said: “The UK economy has now grown for six months running but still remains around 8% below its pre-pandemic peak.

“Public services output increased, while car manufacturing continued to recover and retail again grew strongly.

“However, the reintroduction of some restrictions saw services growth hit, with large falls in hospitality, meaning the economy overall grew only modestly.”

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