The UK economy is doing even worse than we thought, and the prospects of a V-shaped recovery look bleak

• The UK's economy grew by only 1.8% in May, falling well below economists' predictions. 
• Reuters economists were expecting a 5.5% increase, after 20.3% contraction in the UK economy in April. 
• The small scale of the recovery suggests that the much-vaunted V-shaped recovery some economists expect in the UK is a long way away.
• "The economy was still a quarter smaller in May than in February, before the full effects of the pandemic struck," ONS statistician Jonathan Athow said.
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The UK's economy grew by a much smaller amount than expected in May after a historic plunge in GDP in April.

The Office for National Statistics said on Tuesday that the UK economy grew by 1.8% in May, after a dramatic 20.3% contraction in April. 

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See Also:

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• US weekly jobless claims hit 1.3 million, less than economist forecasts

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