U.K. economy rebounded 1.8% in May as coronavirus lockdowns began easing

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U.K. economy rebounded 1.8% in May as coronavirus lockdowns began easing
Shoppers wearing protective face masks walk through the rain on Oxford Street in London on June 18, 2020, as some non-essential retailers reopen from their coronavirus shutdown.
Tolga Akmen/AFP/Getty Images

The U.K. economy grew by 1.8% in May as the country began to gradually ease lockdown measures, official figures revealed Tuesday.

Economists polled by Reuters had expected a rebound of 5.5% on the month.

 

The reading comes after a 20.4% monthly contraction in April, the country’s sharpest on record, during the height of its widespread coronavirus restriction measures which ravaged economic activity.

This is a breaking news story and will be updated shortly.

 

Reprinted from cnbc.com, the copyright all reserved by the original author.

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