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    <pubDate>Wed, 22 Apr 2026 08:39:24 +0500</pubDate>
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      <title>UK recovery quickens in April as economy posts record annual jump
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      <link>https://english.aaj.tv/news/30260682/</link>
      <description>&lt;p&gt;Britain's recovery from the COVID-19 pandemic sped up in April as lockdown measures eased, with the fastest monthly growth since July leaving output a record 27.6% higher than a year earlier, when the virus was rampant and lockdown tightest.&lt;/p&gt;

&lt;p&gt;The figures on Friday from the Office for National Statistics (ONS) showed rapid growth in the services sector as non-essential retail and hospitality businesses opened their doors after months of closure and schools fully restarted.&lt;/p&gt;

&lt;p&gt;Economic output rose by 2.3% month-on-month in April, marking the fastest growth since July, the ONS said, and slightly above the Reuters poll consensus for a 2.2% increase.&lt;/p&gt;

&lt;p&gt;"The jump in GDP in April was another sign that consumers are raring to spend as the economy reopens," said Thomas Pugh, UK economist at consultancy Capital Economics.&lt;/p&gt;

&lt;p&gt;However, British economic output remained 3.7% below its level in February 2020, before the pandemic led to lockdown measures, the ONS said.&lt;/p&gt;

&lt;p&gt;Prime Minister Boris Johnson wants to fully lift lockdown restrictions in England on June 21, helped by a swift roll-out of COVID-19 vaccines that has brightened Britain's economic outlook.&lt;/p&gt;

&lt;p&gt;But with the Delta variant of COVID-19 first detected in India spreading fast, Johnson has said the lifting of lockdown could be delayed.&lt;/p&gt;

&lt;p&gt;April's growth came despite an unexpected 1.3% drop in industrial output, reflecting widespread maintenance of oil rigs and a shortage of computer chips for car manufacturers.&lt;/p&gt;

&lt;p&gt;Output in the services sector jumped by 3.4% in monthly terms in April - above all forecasts in the Reuters poll that pointed to growth of 2.8%.&lt;/p&gt;

&lt;p&gt;Schools reopening added 0.7 percentage points to GDP growth in April, while the retail and wholesale sector added 0.9 percentage points, the ONS said.&lt;/p&gt;

&lt;p&gt;Construction output fell unexpectedly by 2.0% in April - although the ONS said this followed a hefty 5.8% jump in March.&lt;/p&gt;

&lt;p&gt;"Today's figures are a promising sign that our economy is beginning to recover," finance minister Rishi Sunak said.&lt;/p&gt;

&lt;p&gt;Last month the Bank of England raised its forecast for British economic growth in 2021 to 7.25% from February's estimate of 5.0%.&lt;/p&gt;

&lt;p&gt;That would be the fastest annual growth since 1941 when Britain was rearming during World War Two. But it comes after output plunged by almost 10%, the biggest drop in more than 300 years.&lt;/p&gt;

&lt;p&gt;Trade with the EU continues to be hurt by friction from new post-Brexit trade restrictions, though by less than at the start of the year.&lt;/p&gt;

&lt;p&gt;Compared with three years ago - the last time trade was unaffected by either COVID or fears of an imminent disruptive Brexit - British goods exports to the EU this April were 7.1% lower and imports from the EU were 15.3% lower.&lt;/p&gt;

&lt;p&gt;Exports to the EU were also below their average for 2019.&lt;/p&gt;

&lt;p&gt;"That is a disappointing performance, given the boom in global trade flows; UK exporters have lost market share," Samuel Tombs of Pantheon Macroeconomics said.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p>Britain's recovery from the COVID-19 pandemic sped up in April as lockdown measures eased, with the fastest monthly growth since July leaving output a record 27.6% higher than a year earlier, when the virus was rampant and lockdown tightest.</p>

<p>The figures on Friday from the Office for National Statistics (ONS) showed rapid growth in the services sector as non-essential retail and hospitality businesses opened their doors after months of closure and schools fully restarted.</p>

<p>Economic output rose by 2.3% month-on-month in April, marking the fastest growth since July, the ONS said, and slightly above the Reuters poll consensus for a 2.2% increase.</p>

<p>"The jump in GDP in April was another sign that consumers are raring to spend as the economy reopens," said Thomas Pugh, UK economist at consultancy Capital Economics.</p>

<p>However, British economic output remained 3.7% below its level in February 2020, before the pandemic led to lockdown measures, the ONS said.</p>

<p>Prime Minister Boris Johnson wants to fully lift lockdown restrictions in England on June 21, helped by a swift roll-out of COVID-19 vaccines that has brightened Britain's economic outlook.</p>

<p>But with the Delta variant of COVID-19 first detected in India spreading fast, Johnson has said the lifting of lockdown could be delayed.</p>

<p>April's growth came despite an unexpected 1.3% drop in industrial output, reflecting widespread maintenance of oil rigs and a shortage of computer chips for car manufacturers.</p>

<p>Output in the services sector jumped by 3.4% in monthly terms in April - above all forecasts in the Reuters poll that pointed to growth of 2.8%.</p>

<p>Schools reopening added 0.7 percentage points to GDP growth in April, while the retail and wholesale sector added 0.9 percentage points, the ONS said.</p>

<p>Construction output fell unexpectedly by 2.0% in April - although the ONS said this followed a hefty 5.8% jump in March.</p>

<p>"Today's figures are a promising sign that our economy is beginning to recover," finance minister Rishi Sunak said.</p>

<p>Last month the Bank of England raised its forecast for British economic growth in 2021 to 7.25% from February's estimate of 5.0%.</p>

<p>That would be the fastest annual growth since 1941 when Britain was rearming during World War Two. But it comes after output plunged by almost 10%, the biggest drop in more than 300 years.</p>

<p>Trade with the EU continues to be hurt by friction from new post-Brexit trade restrictions, though by less than at the start of the year.</p>

<p>Compared with three years ago - the last time trade was unaffected by either COVID or fears of an imminent disruptive Brexit - British goods exports to the EU this April were 7.1% lower and imports from the EU were 15.3% lower.</p>

<p>Exports to the EU were also below their average for 2019.</p>

<p>"That is a disappointing performance, given the boom in global trade flows; UK exporters have lost market share," Samuel Tombs of Pantheon Macroeconomics said.</p>
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      <pubDate>Fri, 11 Jun 2021 14:00:59 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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