UK sees slight GDP growth despite lockdown
By Justin Cash 13
th April 2021 11:14 am
The UK has reported a 0.4 per cent increase in GDP in February despite the economy remaining hampered by a third Covid lockdown.
While returning to modest growth after shrinking in January will be viewed positively – as will a revision of January’s fall from 2.9 per cent up to 2.2 per cent – the economy still remains well below levels seen at the start of 2020, and below the 0.5 per cent growth that was the consensus estimate from economists for February.
The figures released by the Office for National Statistics this morning show the economy is still some 7.8 per cent smaller than it was last February.
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