Britain’s economic recovery slowed sharply in July, official data showed Friday, as rises in Covid cases and supply shortages offset further lifting of lockdown restrictions. Gross domestic product output stood at 0.1% in the month compared with GDP of 1.0% in June, the Office for National Statistics (ONS) said. It was nevertheless the sixth month of growth in a row. “The measly...rise in GDP in July shows that amid rising Covid-19 cases and broadening product/labour shortages, the economic recovery has stalled,” noted Paul Dales, chief UK economist at research group Capital Economics. “More timely evidence suggests August may not have been much better.” The world is seeing a resurgence in
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