Tuba Onğun
11 March 2022•Update: 11 March 2022
ANKARA
The UK's gross domestic product (GDP) rebounded in January compared to a month ago, according to data released by Office for National Statistics on Friday.
The world's fifth-largest economy grew by 0.8% month-on-month in January, after contracting by 0.2% in December 2021 as the omicron variant impact faded away.
The statistics office stated that the GDP was 0.8% above its pre-coronavirus level (February 2020).
All sectors contributed to the recovery in the main reading as services expanded by 0.8%, production by 0.7%, and construction by 1.1% in the month.
Compared to January 2021, the country's economy grew by 10% in January 2022, the fastest in seven months.
