UK GDP report to show scale of downturn in 2020 – business live

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Good morning. Today we discover how the UK economy fared in December, and learn just how much economic damage was caused by the pandemic last year. The latest GDP data, due at 7am, are expected to show that the economy grew by 1% in December, with the reopening of shops after the November lockdown providing a pre-Christmas lift. That would mean growth during the last quarter of the year of around 0.

 

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