UK economy has grown by 4.8% between April and June following the ease on Covid-19 restriction in the country.
This information is according to official figures shared from the Office for National Statistics which showed that the expansion in gross domestic product (GDP) was fuelled by retail, restaurants and hotels.
Education s also reported as a booster to the economy as schools reopened in the second quarter.
The UK economy is currently 4.4% smaller than it was reported before the pandemic but Capital Economics said it expects the economy to return to pre-Covid levels much later in 2021.
Senior UK economist, Ruth Gregory said, “We are comfortable with our view that monthly GDP will return to its February 2020 pre-pandemic size by October and that the economy may yet surprise most forecasters by emerging from the pandemic without much scarring.”
Chancellor Rishi Sunak said, “Today’s figures show that our economy is on the mend, showing strong signs of recovery.
“I know there are still challenges to overcome, but I feel confident in the strength of the UK economy and the resilience of the British people.”