UK GDP expected to show an April boost as economy reopened – business live

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UK GDP expected to show an April boost as economy reopened – business live
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Rolling coverage of the latest economic and financial news, including April’s UK GDP report

The UK hospitality sector will have provided a growth boost in April, says Alvin Tan of RBC Capital Markets. UK April GDP will be dominated by the reopening of those parts of the economy in April that had been closed since January. High-frequency data suggests that activity picked up swiftly in response. Retail sales jumped 9.2% m/m in April.

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