The UK economy shrank a better-than-expected 2.9% in January – and analysts are predicting ‘swifter’ growth thanks to vaccines

Summary List Placement

The UK economy shrank 2.9% in January, better than the 4.9% contraction expected.
It left the economy 9% below its February 2020 size, with the UK one of the worst-hit countries.
Economists have predicted a swift recovery, however, thanks to the UK’s speedy vaccine drive.
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The UK economy shrank 2.9% in January as tough coronavirus restrictions forced businesses to close, official figures showed Friday, although the contraction was smaller than the 4.9% fall economists expected.

It left the UK economy 9% smaller than details ⇒

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