Ahead of the emergence of the Omicron variant, the UK economy expanded at a faster pace in November to reach its pre-pandemic level for the first time, data from the Office for National Statistics showed on Friday.
Gross domestic product grew 0.9 percent month-on-month in November, faster than the revised 0.2 percent expansion registered in October and the economists' forecast of 0.4 percent.
GDP was estimated to be above its pre-coronavirus pandemic level for the first time, by 0.7 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.