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UK Economy Recovers In February

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The UK economy recovered in February despite the coronavirus lockdown restrictions being in place, data from the Office for National Statistics revealed Tuesday.

Gross domestic product grew 0.4 percent monthly, following a revised 2.2 percent fall in January. Nonetheless, this was slower than the expected growth of 0.6 percent.

February's GDP was 7.8 percent below the levels seen in February 2020, data showed. In the three months to February, GDP shrank 1.6 percent, which was worse than a revised 1.4 percent contraction in the three months to January.

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