V-shaped recovery

It is an uptick so small that it could almost be comic, but the UK economy started to grow in May: by 1.8 per cent following a 20 per cent slump in April. Office for National Statistics figures out today show that, even in lockdown, surging online retail sales – coupled with signs of a recovery in construction – show a small increase in GDP. The big question is what shape we can now see: a L, a Nike swoosh or a sharp V? Reopening the economy can only go so far: tackling people’s fear of Covid-19 is key for a V-shaped recovery Today’s increase suggests growth is  – every so