UK economy finally bigger than before pandemic in November

Irish Times | Jan 14, 2022 at 8:38 AM
  • Britain’s economy grew by a much stronger-than-expected 0.9 per cent in November, finally taking it above its size just before the country went into its first Covid-19 lockdown, the Office for National Statistics said on Friday.
  • Economists polled by Reuters had forecast monthly gross domestic product growth of 0.4 per cent for November.
  • Despite November’s growth acceleration, GDP probably took a hit in December when the Omicron coronavirus variant swept Europe, and the loss of momentum is likely to have stretched into January with many firms reporting severe staff absences and consumers still wary of going out.