UK economy closed pandemic gap in November

LONDON – Britain’s economy continued to grow ahead of the epidemic in November 2021, statistics printed Friday is the Office for National Statistics show.

Domestic sales rose 0.9 percent in November and stood 0.7 percent higher than in February 2020.

“The economy grew significantly in the month before Omicron met with builders, retailers, mailmen and accountants who had the most months,” said ONS economist Grant Fitzner, adding that the construction project was successful due to the availability of bulk materials.

Economic growth shocked the financial markets and showed that the country was thriving when the Omicron waves hit, where they remained open except for the government’s intention to work from home if possible. Pounds have risen in value compared to the US dollar and the euro in recent sales news.

Chancellor Rishi Sunak hailed the incident as “a wonderful sight” and “a testament to the courage and determination of the British people.” It comes later anxiety it has been reported that the October oil crisis and the unavailability of large numbers of people could disrupt operations.

Capital Economics, a consultant, says the growth was due to the “decline in demand” that has boosted manufacturing and construction and the rise in skilled labor. However, the data should show that the economy has shrunk in December and January, as it has increased since February, due to “recent signs that Omicron waves are starting to slow down,” experts said in a report.

In the meantime, the debt can be eliminated again To curb rising prices, the Dutch bank ING ING said in a statement. “For the Bank of England, this indicates that the chances of a rise in February are rising.”

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