Gross domestic product exceeded its pre-pandemic level for the first time in November, according to the latest data from the Office for National Statistics (ONS). The UK economy grew by a much stronger-than-expected 0.9 per cent in November, before the Covid-19 Omicron variant began spreading. City economists had forecast 0.4 per cent month-on-month growth, up from 0.1 per cent in October. SponsoredThe ONS believes that GDP in November was 0.7 per cent above its pre-coronavirus pandemic level in February 2020. “Services and construction are both 1.3 per cent above their pre-coronavirus levels but production remains 2.6 per cent below,” the official statistician reported.

Source: The Times January 14, 2022 14:54 UTC