
Macro - Weekly Briefings - United Kingdom
Description
Macro - Weekly Briefings - United Kingdom
February's GDP data showed contrasting impacts of the transition to living with Covid. Most of the benefits, in terms of a rebound in social consumption, have now been enjoyed. But some of the costs, in the form of less support to health output from Covid-related activities, are still to be borne. The loss of much of the remaining support is likely to contribute to UK GDP falling in Q2.
February's GDP data showed contrasting impacts of the transition to living with Covid. Most of the benefits, in terms of a rebound in social consumption, have now been enjoyed. But some of the costs, in the form of less support to health output from Covid-related activities, are still to be borne. The loss of much of the remaining support is likely to contribute to UK GDP falling in Q2.
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