UK GDP Bounce-Back Faltered in July Amid ‘Pingdemic,’ Shortages

A general view shows shipping containers at the Port of Southampton, on the south coast of England, on March 5, 2021. Adrian Dennis/AFP via Getty Images

The UK’s economic bounce-back faltered in July despite pandemic restrictions being lifted, as businesses were caught by the “pingdemic” and materials shortages.

Official statistics from the Office for National Statistics (ONS) said that gross domestic product (GDP) rose by 0.1 percent in the month of July. In June, that figure was 1 percent.