The UK will lead the economic recovery of developed nations out of the Covid-19 pandemic with its fastest growth in decades, but it is predicted to slip behind its peers by the end of 2023.
Economists surveyed by Bloomberg revised up their forecasts for 2021 UK growth to 6%, mainly due to the success of the country’s vaccine programme. This puts UK growth ahead of that of its peers in Germany, France, Italy and Spain.
However, they cut their prediction for 2023 growth to 1.7% (down 0.4%), suggesting the impact of the UK’s departure from the EU and country’s lagging productivity will take its toll.
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onto In the news: data in the UK Data Service collection across the web May 20, 2021 7:59 AM
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This article references research using data available in the UK Data Service collection:
Annual Population Survey
Labour Force Survey
Living Costs and Food Survey
Opinions and Lifestyle Survey