UK's growth figures dim any hope of a V-shaped recovery from Covid-19

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There was nothing inevitable about this timid exit from the coronavirus lockdown

Britain’s recovery from the worst slump in three centuries is going to be long and painful if May’s figures for GDP are a guide.

The turnaround from a slump of more than 25% in March and April was lower than many economists expected at 1.8% – a paltry figure that left the economy down 19.1% in the three months to May.

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