[INFINOX] UK GDP misses estimates but the economy is just -3.1% from pre-pandemic levels.

UK monthly growth data has been announced and the UK economy is just -3.1% below its level just before the COVID-19 pandemic. However, the data missed estimates.


The UK economy grew by +0.8% for May. The vast majority of this growth came from the pubs and restaurants sector along with hotels which allowed people back indoors following the easing of COVID restrictions. The growth means that the whole economy is now just -3.1% below where it was in February 2020 just before the COVID-19 pandemic.



This overall growth of +0.8% w