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Forecast Overview
Publication year - 2021
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12564
Subject(s) - economic shortage , economics , volatility (finance) , hospitality , covid-19 , downside risk , momentum (technical analysis) , pandemic , production (economics) , distribution (mathematics) , monetary economics , macroeconomics , financial economics , tourism , geography , medicine , portfolio , mathematical analysis , linguistics , philosophy , mathematics , disease , archaeology , pathology , government (linguistics) , infectious disease (medical specialty)
GDP rose by 0.8% m/m in May, leaving the economy 3.1% below the pre‐pandemic level. Consumer‐facing sectors responded to the easing of Covid restrictions, with output in the hospitality sector rebounding strongly and distribution activity remaining well above pre‐pandemic levels. But there were several downside surprises elsewhere. Non‐consumer facing parts of the services sector suffered a loss of momentum, the recent volatility in health output continued, and microchip shortages disrupted car production.