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UK economy grew 7.5% in 2021, fastest since second world war
![UK economy grew 7.5% in 2021, fastest since second world war]()
But, it follows a 9.4% fall in GDP in 2020, when Covid-19 drove the economy into a steep slump. UK economy grew 7.5% in 2021, fastest since second world war
The UK recorded the fastest growth in the G7 last year, as the economy rebounded from the 2020 slump.
The UK economy grew by 7.5% during 2021 as it recovered from the 2020 slump caused by the pandemic.
That’s the fastest growth since the second world war, led by a strong rebound last spring when lockdown restrictions were lifted, despite the disruption caused by Omicron in December.
But, it follows a 9.4% fall in GDP in 2020, when Covid-19 drove the economy into a steep slump.
The 7.5% increase in GDP during 2021 is the fastest growth seen among the G7 countries.
It beats the US (5.7% growth), France (+7%), Germany (+2.7%), and Italy (+6.5%) as well as the EU (+5.2%), and likely to beat Canada and Japan who have yet to release 2021 GDP data.
But, the UK is recovering from a lower base, having contracted 9.4% in 2020. That was a steeper downturn than other G7 members (although Spain, not in the G7, shrank over 10%).
