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Lazard: The UK’s economic recovery is already faltering Lazard Asset Management has warned that the reopening boom may already be over, with the end of the furlough scheme and stamp duty holiday weighing the economy down. 29 July, 2021 at 07:00 A rapid recovery in output as the UK economy reopened may have already peaked, Lazard Asset Management has warned, as some government support is withdrawn. The manufacturing and services sectors were among the early beneficiaries of the end of lockdown, with the the OECD estimating the UK economy will grow 7.2% in 2021 – the fastest since 1941 – and another 5.5% in 2022. But Lazard cautioned that some recent momentum will likely falter as support is withdrawn over the remainder of the year.

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