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UK economy shrank by less than feared in January, trade hit by Brexit

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Gross domestic product in January was 2.9 percent lower than in December, the Office for National Statistics said.Source: ReutersEngland's economy shrank by not exactly dreaded in January as the nation returned into a Covid lockdown, official information appeared, however exchange with the European Union was hit hard toward the beginning of the nation's new, post-Brexit exchanging relationship. 

GDP in January was 2.9 percent lower than in December, the Office for National Statistics said. 

Market analysts surveyed by Reuters had anticipated a withdrawal of 4.9 percent. 

England's economy is probably going to recoil by 4% in the principal quarter of 2021, due for the most part to the most recent lockdown yet in addition on account of interruption brought about by new, post-Brexit rules for exchange with the European Union, the Bank of England said a month ago. 

Samuel Tombs, a business analyst with Pantheon Macroeconomics, said Friday's information and other later markers proposed the economy may now be on course to fall by a less serious 2% in the principal quarter. 

England's economy shrank by not exactly dreaded in January as the nation returned into a Covid lockdown, official information appeared, however exchange with the European Union was hit hard toward the beginning of the nation's new, post-Brexit exchanging relationship. 

GDP in January was 2.9 percent lower than in December, the Office for National Statistics said. Financial analysts surveyed by Reuters had anticipated a compression of 4.9 percent. 

England's economy is probably going to shrivel by 4% in the main quarter of 2021, due generally to the most recent lockdown yet in addition in view of disturbance brought about by new, post-Brexit rules for exchange with the European Union, the Bank of England said a month ago. 

Samuel Tombs, a market analyst with Pantheon Macroeconomics, said Friday's information and other later pointers proposed the economy may now be on course to fall by a less serious 2% in the principal quarter

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