UK Economy Recovered In July

UK Economy Recovered In July UK economy recovered in July. However, the risks continue due to reasons such as rising unemployment and Brexit. With the coronavirus (Covid-19) pandemic restrictions eased. However, the rising unemployment in the country and the difficult process of leaving the European Union (EU) bring some uncertainties. With the reopening of bars and restaurants in July, UK gross domestic product (GDP) rose 6.6 percent compared to June. Accordingly, the country regained more than half of its losses during the pandemic process. On the other hand, British Minister of Finance Rishi Sunak stated that the recovery in the name of the country's economy, which decision makers are trying to improve with monetary policy and fiscal policies, is 'welcome'. Looking at the data released by the Office of National Statistics on Friday, a recovery was observed in all sectors led by the construction sector in July. However, production still lags 11.7 percent compared to February. According to analysts' comments, it will take a long time for the country to return to its pre-pandemic economic situation.