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UK economy shrinks at fastest pace in 100 years: ONS - World News

2021-02-12 15:06:12 GMT2021-02-12 23:06:12(Beijing Time) Xinhua English Video Player Close LONDON, Feb. 12 (Xinhua) The British economy shrunk faster than at any point in 100 years in 2020, as headline gross domestic product (GDP) dropped by 9.9 percent, according to new data from the British Office for National Statistics (ONS) on Friday. The last quarter of 2020 saw a rise of 1.0 percent in GDP but was sharply down on the 16.1 percent growth seen in the previous three months, said the ONS. Monthly GDP increased by 1.2 percent during December 2020, as the two-week reopening of many shops and restaurants gave the economy a pre-Christmas lift, but remained 6.3 percent below February 2020 levels, said the ONS.

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