The UK economy shrank by a record 9.9 percent in 2020, the biggest contraction on record, though the fourth-quarter rebound was marginally better than expected.
UK GDP in the three months to 31 December 2020 is estimated to have grown by 1 percent – double expectations – following revised 16.1 percent growth in Q3.
Despite two consecutive quarters of growth, the level of GDP in the UK is 7.8 percent below its end-2019 level.
Robert Alster, Close Brothers Asset ...
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