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Gulf Today Report
Britain’s economy contract by 2.9 per cent in January following lockdown in various parts of the country.
According to the Office for National Statistics, the gross domestic product fell after recording 1.2 per cent growth in December
"Government restrictions reduced economic activity," the ONS said.
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The economy was also 9.0 per cent smaller than its pre-pandemic level in February 2020.
Reduction of activities in education and consumer-facing industries dragged down the contraction in the services sector by 3.5 per cent.
The coronavirus crisis sparked a 10-per cent collapse in the economy last year -- its worst performance in more than three centuries.
So far the UK has vaccinated 23 million people with at least the first dose of the vaccine.
Britain officially entered recession in the second quarter after gross domestic product (GDP) contracted by 2.2 per cent in the first three months of the year. The technical definition of a recession is two quarterly contractions in a row.
British retailers struggled to recover in December from a partial coronavirus lockdown the previous month, marking a weak end to their worst year on record, while public debt has climbed to its highest since 1962, official data showed on Friday.
Infections have been reported in 210 countries since the first cases were identified in China in December last year and British aid minister Anne-Marie Trevelyan said assisting the poorest nations now would help prevent the virus returning to the United Kingdom.
The United Kingdom left the bloc at the end of January, but EU law still applies until the end of a post-Brexit transition period, and would normally restrict state subsidies.
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, and Sheikh Maktoum Bin Mohammed bin Rashid Al Maktoum,
Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs and Chairman of the UAE Tourism Council, revealed that the UAE’s tourism sector achieved a new growth milestone in Q1 2022,
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