New figures from the Office of National Statistics show that the UK economy grew 15.5% between July and September this year. Professor Abhinay Muthoo from the University of Warwick Department of Economics reflects on what this means for the economy from here, as the impact of the second lockdown is felt.
Professor Muthoo said: "Figures out today from the Office of National Statistics (ONS) show that the UK economy grew by 15.5% in the third quarter (over the three months of July, August and September). This is very positive news, but also not surprising as it was a period of much economic activity after the previous months in lockdown.
"The economy will not grow nearly as much in these last three months of this year, and in fact may even contract a bit as we are in the midst of Lockdown 2.0. That said, the economy will be in a much better shape in the new year as we start to see the back of this health crisis."
12 November 2020
Media Relations Manager (Warwick Medical School and Department of Physics)
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