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UK GDP recovers in January after Omicron hits – POLITICO

LONDON – UK economy expanded in January by 0.8%, surpassing its pre-pandemic peak by the same amount, Office for National Statistics announced Friday.

It was also a jump from December, when output fell 0.2 percent as the Omicron variant hit economic activity.

“All sectors grew in January, with some that were particularly hard hit in December now doing well, including sales,” said Darren Morgan, head of economic statistics. wholesale, retail, restaurants and takeout,” said Darren Morgan, head of economic statistics. Software engineering and video production “had a good start to the year too”.

Construction and manufacturing also contributed to growth, he said.

https://www.politico.eu/article/uk-gdp-recovered-in-january-after-omicron-hit/?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication UK GDP recovers in January after Omicron hits - POLITICO

Fry Electronics Team

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