LONDON—The U.K. recorded a steeper second-quarter contraction than its peers, a performance that means it suffered the worst economic hit from the coronavirus in Europe as well as reporting the highest death toll.

The economy is already recovering as restrictions on daily life ease and workers trickle back to factories and offices, recent data show, but Bank of England officials have warned that it could take until the end of 2021 to regain the ground lost during the pandemic.

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