Ruth Gregory, senior UK economist at Capital Economics, said: “With the government’s fiscal support unwinding, the next few months will almost certainly be worse. We expect the new Covid-19 restrictions to mean that the economy does little more than move sideways in the final three months of the year, leaving economic activity marooned 7.5 per cent short of its pre-crisis level. So while the economy has recouped 64 per cent of the fall in GDP in four months, it may take until late 2022 to get back the remaining 36 per cent.”