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UK avoids double-dip recession despite virus pain

by LLB Editor
12th Feb 21 9:26 am

The UK economy shrugged off Covid-19 restrictions to grow by a better-than-expected 1 per cent in the final three months of the year but still recorded the steepest annual decline for more than 300 years.

Over the calendar year the economy contracted by 9.9 per cent according to data released this morning by the Office for National Statistics (ONS). Gross domestic product grew by a better-than-expected 1.2 per cent month-on-month in December, helping the UK economy to avoid a double-dip recession, according to the ONS.

Jonathan Athow, its deputy national statistician, said: “Loosening of restrictions in many parts of the UK saw elements of the economy recover some lost ground in December, with hospitality, car sales and hairdressers all seeing growth.”

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