UK economy bounces back from Omicron as more people dine out
The Guardian says Britain’s economy bounced back from the Omicron variant of coronavirus at a faster pace than expected during January, as consumers returned to eating and drinking out in pubs and restaurants.
The Office for National Statistics (ONS) said all sectors of the economy returned to growth, helping to lift gross domestic product by 0.8% in January from a month earlier, fuelled by a rise in consumer-facing services.
GDP was estimated to be 0.8% above its pre-pandemic level, reflecting a weaker impact on the economy than expected after the emergence of the Omicron variant led to a sharp rise in coronavirus infections. City economists had forecast a slower growth rate of 0.2%.
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