ONS says economy shrank by 0.3% in third quarter, with UK only G7 country whose GDP is still lower than before pandemic
Britain’s recovery from the Covid-19 pandemic has been even weaker than originally believed and is the only member of theThe Office for National Statistics said theby 0.3% in the three months to September – compared with an original estimate of a 0.2% decline. The ONS also revised down growth in every quarter stretching back to the third quarter of 2021.
Of the other G7 members, GDP is 4.3% above levels in late 2019 in the US, and higher by 2.7% in Canada, 1.8% in Italy, 1.1% in France, 0.9% in Japan and 0.3% in Germany.
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