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UK economic growth held back by supply chain problems

Associated Press

LONDON (AP) — The British economy slowed down during the third quarter of the year as widespread supply chain problems hobbled the recovery from the coronavirus pandemic. The Office for National Statistics said Thursday that the economy grew by 1.3% between July and September from the previous three-month period. The health sector and housing market were particularly buoyant. The increase was slightly below market expectations and lower than the second quarter’s 5.5% boost. The result means the British economy remains 2.1% below where it was before the pandemic struck in March 2020. The British economy remains the laggard among the world’s leading economies after experiencing the biggest downturn this year.

Article Topic Follows: AP National Business

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The Associated Press


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