Home Business The British economy grew by only 0.4% in October, which has been growing for six consecutive months.
The largest annual decline on record! The UK's economy fell 9.9% last year.

The British economy grew by only 0.4% in October, which has been growing for six consecutive months.

by YCPress

The BBC reported on the 10th local time that the latest data released by the Office for National Statistics showed that the economic growth in the UK was only 0.4% in October due to the continuous slowdown in the economic recovery.

The Office for National Statistics said that the economy is still far below the size before the beginning of the COVID-19 epidemic, but the British economy has grown for the sixth consecutive month. However, after the implementation of the second comprehensive restrictions in the English region, economic data are expected to decline again in November.

The UK economy was about 8% lower than before the coronavirus pandemic in October, despite some areas of growth, according to the data.

Jonathan Athow, statistician at the Office for National Statistics, said, “Public service output has increased, the automobile manufacturing industry continues to recover, and retail industry shows strong signs of growth again.

But after the implementation of the second lockdown restrictions, service industry growth was hit, and the hotel and restaurant industry fell sharply, which meant that the economy grew only moderately in general.”