A flow of key data over the past 10 days suggests the UK economy is less of an outlier among its peer countries than previously thought, as figures showed unexpected economic resilience and a sharp decline in inflation. A few weeks ago, Britain was the only large advanced economy not showing a steady downward trend in price growth, despite having the highest inflation rate in the G7. Many analysts expected UK output to contract in the second quarter despite not having yet regained its quarterly pre-pandemic levels.
Read More : UK Economy: Is it Still an International Outlier?