Britain Shows Fledgling Signs Of Economic Recovery

• Britain is showing signs of economic recovery from the COVID-19 pandemic as it gradually relaxes its latest lockdown measures, according to a range of timely and forward-looking indicators.
• The world's fifth-biggest economy shrank by almost 10% in 2020, a more severe slump than almost all its European peers after it locked down later and for longer than many of them.
• But helped by the fast rollout of COVID-19 vaccinations, it is in the process of lifting its third lockdown while other countries in Europe have recently tightened restrictions.
• Non-essential retailers in England reopened on April 12 along with pubs and restaurants operating outdoors, and from May 17 restrictions will be lifted further to include indoor hospitality, performances, and sporting events.

(Source: Reuters)