The UK’s gross domestic product (GDP) is set to grow by 7.4% in 2021, according to the latest revised figures, according to the National Statistics Office (ONS) on Thursday, March 31.
Last month, the ONS estimated annual GDP growth at 7.5%, after changing the 2020 figure from -9.4% initially to -9.3%.
In the last three months of last year, GDP increased by 1.3%, from an estimated 1% last February, but 0.1% lower than what was recorded before the outbreak of the Govt-19 epidemic in late 2019.
The ONS said on Thursday that health-related factors were the main drivers of GDP growth in the fourth quarter of last year, with an increase in direct attendance to general practitioners, as well as an increase in the construction and healthcare sector. Industrial built.
“GDP grew slightly, 0.1% higher than previously estimated in the fourth quarter, and is now only 0.1% higher than pre-epidemic levels,” said Darren Morgan, director of economic statistics at the ONS today.
“Since the onset of the epidemic, savings have been very low, mainly due to rising household costs and rising prices,” he added.
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