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UK economy rebounded in only quarter without lockdown

Christian Fernsby |
The UK economy returned to growth on a quarterly basis in the third quarter, the only quarter of 2020 that entirely escaped lockdown in England, according to figures from the Office for National Statistics on Thursday.

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On an annual basis, UK gross domestic product fell 9.6% in the three months to September, the economy's contraction slowing from 21.5% in the second quarter of 2020.

However, on a quarterly basis, UK GDP grew by 15.5% in the third quarter, having shrunk by 19.8% in the second quarter.

The ONS said this was the largest quarterly expansion in the UK economy since quarterly records began in 1955 and reflected the continued easing of lockdown restrictions in the third quarter.

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