GDP grew by only 0.1% despite removal of most Covid controls, with supply chain crisis making impact
Britain’s economic recovery from the winter lockdown virtually stalled in July despite the removal of most pandemic restrictions, amid a fall in retail sales and the impact of ‘pingdemic’ shortages in the workforce.
The Office for National Statistics said gross domestic product (GDP) grew by only 0.1% in July from a month earlier, as the government’s end to most restrictions in England failed to offset the fallout from the coronavirus Delta variant. GDP was lower than the 0.6% growth forecast by City economists, and a sharp slowdown compared with June when the economy grew by 1%.