Posted by orrinj at
12:00 AMGROWTH IS ALWAYS REVISED UPWARD:
The UK economy appears to have pulled ahead of Germany's in its recovery from the Covid-19 pandemic, with updated figures suggesting gross domestic product rose more quickly than thought.
GDP jumped 8.7% in 2021 as the economy bounced back from lockdowns, instead of the 7.6% previously estimated, the Office for National Statistics said Friday. [...]
Assuming no change to growth rates since then, it implies the economy was 1.5% above pre-pandemic levels in the second quarter of this year, instead of 0.2% below.
