Amid tight restrictions imposed to control the coronavirus pandemic, the UK economy contracted at a record pace in 2020, although the output grew at a faster-than-expected pace in the fourth quarter, avoiding a risk of another recession.
Gross domestic product logged a decline of 9.9 percent in 2020 with all four sub-sectors posting annual declines, the Office for National Statistics reported Friday. The economy had expanded 1.4 percent in 2019.
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