LONDON, England – Britain’s economy grew strongly in November 2021 to finally surpass its size just before the country went into its first COVID-19 lockdown, official data showed on Friday, January 14.
“It’s amazing to see the size of the economy back to pre-pandemic levels in November – a testament to the grit and determination of the British people,” finance minister Rishi Sunak said.Britain’s economy shrank by more than 9% in 2020, one of the biggest pandemic slumps among the world’s rich nations.
The BoE’s current forecasts show GDP returning to its size at the end of 2019 in the first quarter of 2022.The ONS said retailers had a strong November – when many consumers bought Christmas presents earlier than usual – while architects, couriers and accountants also had a bumper month. Britain’s economy will still face challenges in the months ahead, even once coronavirus restrictions known as “plan B” are relaxed.
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