Data taken between April and June by the Office of National Statistics (ONS) prove that the UK is on the path to recovery after COVID-19.

The UK economy grew by 4.8 per cent. However, this figure misses the Bank of England (BoE) forecast by 0.2 per cent, which expected a five per cent rise during the reopening of businesses.

Instead, the ONS discovered that Gross Domestic Product (GDP) was uneven during Q2.

Thanks to Euro 2020, however, accommodation, food and retail services rapidly increased – providing the UK with a better chance at economic recovery.

This proves that the growth in the economy is due to sectors opening up that offer social experiences that were prohibited or limited during social distancing.

Education-based manufacturing bounced back during Q2 as the schools reopened too.

One industry that did not share the same recovery success was vehicle production, which fell by 16.7 per cent. The ONS states this is due to “a global semiconductor shortage”.

In June, the ONS states that the growth expanded by one per cent and revised the figure from 0.8 to 0.6 per cent in May.

The monthly growth was forecast at one per cent at the end of the second quarter, which is more than most experts predicted.

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