UK Economy Grew by Record 16 percent in Third Quarter After First Lockdown Slump

Britain’s economic recovery from its coronavirus crash was a bit quicker than previously thought in the July-September period, official data showed on Tuesday.

Gross domestic product grew by a record 16.0% in the third quarter – revised up from a previous estimate of 15.5% – but that still did not make up for its 18.8% slump in the April-June period when much of the economy was shut down.