‘Pingdemic’ Dents UK Economic Growth in July

The UK economy grew by just 0.1% in July as the last COVID-19 restrictions were lifted in England.

It was the economy’s sixth consecutive month of growth, but the increase was much lower than in the previous month, which saw 1% growth.

Arts, entertainment and recreation activities helped the rise, but the “pingdemic” kept many workers at home.

The UK economy is still 2.1% below its pre-pandemic peak, according to the Office for National Statistics.

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