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    UK Q4 GDP finalized at 1.3% qoq, contracted -9.8% in a 2020 as a whole

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    By ActionForex

    UK GDP growth was finalized 1.3% qoq in Q4, revised up from 1.0% qoq. The level of GDP was still -7.3% below it’s Q4, 2019 level, prior to the impact of the coronavirus pandemic. Over the year as a whole, GDP contracted -9.8% in 2020, slightly revised from first estimate of -9.9% decline. That is the largest annual fall in UK GDP on record.

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