According to the Guardian’s monthly snapshot of economic developments, there was a slowdown in economic growth in June, which could continue if the Delta variant continues to hamper business activity. Overall retail footfall in mid-July was three-quarters of the level recorded in the equivalent week of 2019, prior to the pandemic, reflecting continued caution among shoppers as Covid infection rates remained high. A more recent improvement in the infection rate following a halving of reported cases in the UK helped markets recover some losses this week. “The UK had the worst economic performance in the G7 last year and isn’t bouncing back the way others are. Faced with the deepest global recession since the Great Depression, the Covid crisis watch also monitors Britain’s performance compared with other countries.

Source: The Guardian July 29, 2021 04:52 UTC