<p class="text-align-justify" style="margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><b><span lang="EN-US" style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:#0e101a">Service and Manufacturing</span></span></span></b></span></span></span></p>

<p class="text-align-justify" style="margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">Even though there is an immediate growth in GDP, the most recent forecast predicts a patchy rebound. Service output which was among the most impacted </span></span></span><span lang="EN-US" style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,serif">sectors<span style="color:black"> by the covid-19 is predicted to recover in 2023 only. It is expected to grow 6.3% in the year 2021, 5.2% in the year 2022, and by 2% in the year 2023.</span></span></span></span></span></span></p>

<p class="text-align-justify" style="margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">Manufacturing output, on the other hand, is forecasted to rebound from the effect of covid-19 in Quarter 3 of this year. It is expected to grow by 8.5% in the year 2021, 4.5% in the year 2022, and 2% in the year 2023.</span></span></span></span></span></span></p>

<p class="text-align-justify" style="margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><b><span lang="EN-US" style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:#0e101a">Employment</span></span></span></b></span></span></span></p>

<p class="text-align-justify" style="margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">Unemployment in the United Kingdom is expected to stay substantially low when compared with previous recessions. Once the furlough plan ends in Quarter 4 of 2021, the unemployment rate in the UK is anticipated to rise at 6.0 %, with young unemployment reaching 15.6%,</span></span></span></span></span></span></p>

<p class="text-align-justify" style="margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">The BCC predicted </span></span></span><span lang="EN-US" style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,serif">that the UK's<span style="color:black"> young employment rate is 10.1 % greater when compared with the unemployment rate throughout the projection period. The unemployment rate of the UK predicted by BCC is 5.5%, 5.2%, and 4.8% whereas for the youth unemployment rate, with an additional 10.1%, it is predicted to be 15.6%, 15.4%, and 15%.</span></span></span></span></span></span></p>

<p class="text-align-justify" style="margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><b><span lang="EN-US" style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:#0e101a">Import and Export</span></span></span></b></span></span></span></p>

<p class="text-align-justify" style="margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">It is predicted by the BCC that </span></span></span><span lang="EN-US" style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,serif">exports<span style="color:black"> will grow by 0.7% in the year 2021, 4.2% in the year 2022, and by 1.5% in the year 2023 whereas imports will grow by 5.1% in the year 2021, 8.3% in the year 2022 and 2.9% in the year 2023.</span></span></span></span></span></span></p>

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