The UK economy is doing even worse than we thought, and the prospects of a V-shaped recovery look bleak

· The UK's economy grew by only 1.8% in May, falling well below economists' predictions. 
· Reuters economists were expecting a 5.5% increase, after 20.3% contraction in the UK economy in April. 
· The small scale of the recovery suggests that the much-vaunted V-shaped recovery some economists expect in the UK is a long...