Pedestrians cross a footbridge in view of buildings in the West India Dock in the Canary Wharf financial, business & shopping district in London, UK. Picture: BLOOMBERG/OLIVIA HARRIS
Keeping social distancing rules in place isn’t great for England’s hospitality sector. But it is manageable, especially as the nation basks in a mini-heatwave and has football to stay entertained. Overall, Britain’s economic recovery has gathered sufficient momentum to ease economists’ nerves about a delayed full reopening. “We doubt it will have a material impact on the trajectory of the economy,” says Dan Hanson of Bloomberg Economics.
Bloomberg News’s Andrew Atkinson estimates UK GDP will expand by 6% in the current quarter and 2.5% in the third quarter. A four-week delay to lifting restrictions would only trim those expectations to 5.9% and 2.1%, respectively, he says.
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