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Home Is UK GDP growing? / Is the UK economy growing?
14 Jul 2022 By PAYCEC
GDP in the UK increased by 0.8 percent in Q1 2022 compared to Q1 2021. (Q4 2021). GDP in the UK increased by 0.7 percent in Q1 2022 compared to the pre-pandemic peak. In comparison, the GDP of the Eurozone is 0.8 percent larger than it was before the pandemic.
Overall, the UK's GDP increased by 7.4% in 2021. The highest in the G7 was this. The UK's relatively good performance in 2021 was to some extent a comeback from difficulties in 2020. The UK experienced the greatest loss in GDP among the G7 in 2020 (-9.3 percent).
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