LONDON (Reuters) – Britain’s economic output in April was a record 27.6% higher than 12 months earlier, official data showed on Friday, an increase reflecting the recent reopening and magnitude of the disruption to daily life. at the beginning of the COVID pandemic.
The figure coincided with the consensus of economists polled by Reuters.
In April alone, production rose 2.3%, marking the fastest growth since July, the Office for National Statistics (ONS) said, and compared to the Reuters poll consensus for a 2.2% increase. .
But British economic output is still 3.7% lower than in February 2020, before the pandemic led to lockdown measures.
“Today’s figures are a promising sign that our economy is beginning to recover,” Finance Minister Rishi Sunak said in a statement.
Last month, the Bank of England raised its forecast for British economic growth in 2021 to 7.25% from the February estimate of 5.0%.
That would be the fastest annual growth since 1941 when Britain was rearming during World War II. But it comes after production fell nearly 10%, the biggest drop in more than 300 years.
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