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Barometer

Are there any mountains left unclimbed?

23 January 2021

9:00 AM

23 January 2021

9:00 AM

Bad service

Economic growth fell by 2.6% in November, the month of the second lockdown, compared with falls of 7.3% in March and 18.8% in April. The pandemic has achieved what has eluded recent governments, in rebalancing the economy away from services. Since February:

— Services have contracted 9.9%
— Manufacturing has fallen 4.9%

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