Economy has top growth

UK tops G20 economic growth rankingsThe UK economy grew at the fastest rate among the G20 nations in Q2, according to figures from the Organisation for Economic Co-operation and Development (OECD). The British economy expanded 4.8% between April and June, with this almost double the 2.7% recorded by Italy, which ranked second, and outpacing the 1.6% growth seen in the US and China’s 1.3% increase. However, the OECD report also shows that Britain’s output has been one of the weaker performers among the G20 across the whole pandemic, with GDP down 4.4% at the end of Q2 compared to Q4 2019, the last pre-pandemic quarter. GDP across the entire G20 is 0.7% above pre-pandemic levels, with China and Turkey driving the recovery with GDP up 8.2% and 8.8% respectively.