UK economy rebounds by record 7.5% from pandemic in 2021

UK economy rebounds by record 7.5% from pandemic in 2021

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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.

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