Covid spending fuelled faster growth in UK economy in late 2021, ONS says
by Jasper Jolly from Economics | The Guardian on (#5XPJ3)
Upward revision in annual GDP growth, despite Omicron denting output over Christmas
The UK economy was only 0.1% below pre-pandemic levels after growing faster than previously thought at the end of 2021 because of a rush of coronavirus test-and-trace activities, the latest official data has shown.
UK economic output grew by 1.3% from October to December, compared with an initial estimate of 1%, despite the Omicron variant denting output over Christmas, the Office for National Statistics said on Thursday.
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