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The UK economy grew 2.1% in March, beating expectations as the vaccine-driven recovery picked up speed


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The UK economy grew 2.1% in March, considerably more than expected by economists, as business and consumer optimism grew as COVID-19 cases fell and the vaccination drive picked up speed, according to data on Wednesday.

The 2.1% month-on-month expansion in gross domestic product was above expectations for growth of 1.3% and was helped by schools reopening as part of the country’s “roadmap” out of lockdown. It was the strongest monthly growth since August 2020.

March’s increase helped the UK economy shrink by marginally less than expected in the first quarter, notching up a 1.5% contraction due to details ⇒

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