The UK economy moved out of a recession at a record pace in the third quarter ahead of the second nationwide lockdown, the Office for National Statistics reported Thursday.
Gross domestic product grew 15.5 percent sequentially in the third quarter, which was the biggest expansion seen since records began in 1955.
Economists had forecast an expansion of 15.8 percent after contractions of 19.8 percent in the second quarter and 2.5 percent in the first quarter.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.