UK economy grows 2.1% in August: Official

London, Oct 9 (AFP/APP):Britain’s economy expanded a weaker-than-expected 2.1 percent in August and remained far down on pre-pandemic levels, official data showed Friday. Despite a fourth consecutive monthly increase, gross domestic product remained 9.2 percent below the level in February, the Office for National Statistics said in a statement. This tallied with Bank of England governor Andrew Bailey, who on Thursday said UK economic output in the third quarter, or July-September period, was between seven and ten percent below pre-pandemic levels. Analysts had forecast a much stronger reading in August at 4.6 percent, while Bailey has warned over an unprecedented … Continue reading UK economy grows 2.1% in August: Official