The UK economy made a stronger recovery during Covid at the end of 2021 than previously estimated, according to sharply revised official figures.
Data has now revealed that the economy was 0.6% bigger in the final three months of 2021 compared to pre-pandemic levels.
The previous figures said that the UK economy was 1.2% smaller.
The previous figures said that the UK economy was 1.2% smaller.
The Office for National Statistics said changes were mainly because it had “richer data” from its annual survey.
The revised figures also show the pandemic lockdown collapse in the economy was smaller than thought in 2020, with output declining by 10.4% rather than 11%.
The recovery in 2021 was also faster with growth of 8.7% rather than 7.6%.
Recently, the ONS estimated that between April and June this year, the UK economy was still 0.2% smaller than the final three months of 2019 – the last full quarter before Covid struck the following March.
This meant the UK was at the bottom of the biggest G7 economies in terms of its recovery from the pandemic.
The UK economy made a stronger recovery during Covid at the end of 2021 than previously estimated, according to sharply revised official figures.
The previous figures said that the UK economy was 1.2% smaller.
Data has now revealed that the economy was 0.6% bigger in the final three months of 2021 compared to pre-pandemic levels.
The Office for National Statistics said changes were mainly because it had “richer data” from its annual survey.
The previous figures said that the UK economy was 1.2% smaller.
The previous figures said that the UK economy was 1.2% smaller.
The Office for National Statistics said changes were mainly because it had “richer data” from its annual survey.
The revised figures also show the pandemic lockdown collapse in the economy was smaller than thought in 2020, with output declining by 10.4% rather than 11%.
The recovery in 2021 was also faster with growth of 8.7% rather than 7.6%.
Recently, the ONS estimated that between April and June this year, the UK economy was still 0.2% smaller than the final three months of 2019 – the last full quarter before Covid struck the following March.
This meant the UK was at the bottom of the biggest G7 economies in terms of its recovery from the pandemic.
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