Britain's GDP for the last year increased 7.5% from the year before its worst level, marking the first positive growth in two years.
The UK Census Bureau announced on the 11th that GDP growth over the last year was up 7.5% compared to the previous year.
This is because economic activity resumed and personal consumption increased along with the relaxation of infection control measures for the new coronavirus, and it recovered significantly from the worst level of minus 9.4% in the previous year to the first positive growth in two years. I did.
In addition, the preliminary figures for GDP growth from October to December last year, which were announced at the same time, increased by 1.0% compared to the previous three months, marking the third consecutive quarter of positive growth.
Although personal consumption drove the growth rate, it is said that the spread of the mutant virus Omicron strain affected the service industry such as restaurants and hotels in December last year.
The annual growth rate was 3.9%.
However, the Bank of England, the central bank, has tightened monetary policy as inflation has reached historic levels due to the resumption of economic activity and soaring energy prices, which has slowed the momentum of economic growth. It is expected that.