The British Economy Grew by 7.5% in 2021

Official figures revealed on Friday that Britain’s economy grew 7.5% in 2021, recovering from its historic 9.4% decline in 2020 when coronavirus restrictions curbed economic activity.

On a quarterly basis, UK gross domestic product is estimated to have risen by 1% in the final three months of the year, and the Office for National Statistics said Friday that this follows a downwardly revised 1% increase in the previous quarter.

Manufacturing output arrived at 0.2% MoM in December versus 0.1% expectations and 0.7% booked in November while total industrial output came in at 0.3% vs. 0.1% expected and 0.7% last.