Economic Buzz: UK GDP Expands At Steady Pace In Q4

11 Feb 2022 , 02:32 PM

UK gross domestic product grew 1 percent sequentially in Q4, the same pace of expansion as seen in the third quarter, the Office for National Statistics said on Friday. On a yearly basis, GDP grew 6.5 percent. GDP expanded by an estimated 7.5 percent in 2021, following a 9.4 percent fall in 2020. In December, GDP contracted 0.2 percent, in contrast to the revised 0.7 percent growth in November.

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