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.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.