Deloitte's chief economist comments on today's GDP figures

Commenting on the latest GDP figures, Ian Stewart, chief economist at Deloitte, said:

“The bounce-back from COVID-19 has got off to a disappointing start. The pace of activity will have picked up sharply in June as the easing of the lockdown got underway. The chances of a quick return to normal, of the famed V-shaped recovery, are falling.

“It is likely to take years, not months, to repair the damage to the economy done by COVID-19.”

End

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