<p><span><span><span><strong><span lang="EN-US"><span><span>Service and Manufacturing</span></span></span></strong></span></span></span></p>

<p><span><span><span><span lang="EN-US"><span><span>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"><span>sectors<span> 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><span><span><span><span lang="EN-US"><span><span>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><span><span><span><strong><span lang="EN-US"><span><span>Employment</span></span></span></strong></span></span></span></p>

<p><span><span><span><span lang="EN-US"><span><span>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><span><span><span><span lang="EN-US"><span><span>The BCC predicted </span></span></span><span lang="EN-US"><span>that the UK's<span> 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><span><span><span><strong><span lang="EN-US"><span><span>Import and Export</span></span></span></strong></span></span></span></p>

<p><span><span><span><span lang="EN-US"><span><span>It is predicted by the BCC that </span></span></span><span lang="EN-US"><span>exports<span> 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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