About: http://data.cimple.eu/news-article/0120df6dc58263ddd96725409ca0ba4912e53ab8da3c4f37aa501264

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Britain's economy expanded a weaker-than-expected 2.1 percent in August and remained far down on pre-pandemic levels, official data showed Friday. Despite a fourth consecutive monthly increase, gross domestic product remained 9.2 percent below the level in February, the Office for National Statistics said in a statement. This tallied with Bank of England governor Andrew Bailey, who on Thursday said UK economic output in the third quarter, or July-September period, was between seven and ten percent below pre-pandemic levels. Analysts had forecast a much stronger reading in August at 4.6 percent, while Bailey has warned over an unprecedented level of uncertainty and fresh risks to the downside. "As the UK once again tightens the screw against the virus, with millions of Britons being urged to work from home and pubs and restaurants again being forced to close in some areas, today's GDP data bodes ill," said Ulas Akincilar, head of trading at Infinox. "If this was all the growth the economy could muster during the peak of August's optimism, what now as Britons steel themselves for a grim winter of surging virus cases and job losses as the furlough support scheme ends?" From next month, the government waters down its jobs support scheme that has helped keep millions of people in employment during the pandemic. Analysts said this will lead to a surge in unemployment, with the hospitality sector particularly affected. British pub chain Greene King this week already said it will cut 800 jobs, after new coronavirus restrictions were imposed on the sector to counter rising infections. Britain's hospitality sector as a whole will shed more than 560,000 jobs this year as the coronavirus pandemic kills trade in bars, hotels, nightclubs, pubs and restaurants, its boss warned Tuesday. Britain has suffered the worst death toll in Europe from the virus outbreak, with more than 42,000 confirmed deaths. The UK economy shrank by a fifth in the second quarter which coincided with Britain in a massive lockdown. bcp/bmm
schema:headline	UK economy grows 2.1% in August: official
schema:mentions	Furlough Pub chain Kingdom of England Ten Percent Screw Steel Gross domestic product Lockdown European Union Pandemic Virus United Kingdom Severe acute respiratory syndrome coronavirus 2 Greene King Andrew Bailey (baseball) Church grim
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-09 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	73 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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