UK GDP shrinks 2.9% amid January lockdown

The service sector also contracted by 3.5% at the start of the new year, as consumer-facing roles such as retail and hospitality were forced to operate at limited trading conditions

Monthly GDP fell by 2.9% in January as a national lockdown proved to impact economic activity, new data from the Office for National Statistics (ONS) reveals. 

Check out our free weekly podcast

Back to top button