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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