LONDON: Britain’s economy grew by a record 7.5% last year as Covid restrictions eased after the pandemic-induced collapse, but analysts warned that high inflation clouded the outlook for 2022, official data showed on Friday. shadow.
The Office for National Statistics (ONS) added in a statement that the expansion was the fastest since records began in 1948, followed by a record 9.4% decline in 2020.
The global economy was battered by a deadly pandemic in 2020, triggering lockdowns and other public health restrictions that have since been largely lifted.
Despite the Omicron Covid variant, the UK economy expanded by 1.0% in the fourth quarter, matching the expansion in the third quarter, the ONS added on Friday.