Coronavirus vaccine results drive hope for economic recovery

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Guardian analysis shows retail sales booming and financial markets picking up around world

Britain’s economy is approaching a turning point amid hopes for a rapid recovery fuelled by an early coronavirus vaccine, despite renewed lockdowns pushing the country into a double-dip recession, according to a Guardian analysis.

As the government prepares to ease restrictions in England from next week, the latest figures from the economy show business activity plunged in November as the second English lockdown weighed on growth. Redundancies climbed at a faster pace than during the 2008 financial crisis, and the numbers of journeys made on public transport and on Britain’s roads slumped.

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