The U.K. economy grew 7.5% in 2021, according to the official release on Friday, recovering from its historic 9.4% plunge in 2020 when the coronavirus first hit the group and also the fastest growth since the second world war.
In December, GDP contracted by 0.2% from the surge of omicron variants that forced the government to reimpose stricter measures to curb the highly contagious virus.
Economists said that it is possible the GDP will fall in January due to the omicron outbreak. Meanwhile, a 2% fall in real household disposable incomes this year, caused by higher inflation and taxes, will restrain GDP growth from April.
