As UK adapts, GDP shrinks less than feared

A potentially larger hit is coming this month with schools and all non-essential shops closed

17 January 2021 - 00:18 By Agency Staff

The UK economy shrank less than expected during the lockdown in November, making it possible that the country will avoid a double-dip recession.

The 2.6% contraction was two percentage points less severe than analysts had forecast. It means the economy will grow in the fourth quarter unless December, when restrictions eased, records a decline of 1%...

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