The GDP of the UK for the period from November to January increased by 1.1% compared to the same period a year earlier, official data showed. Thus, despite the continuing uncertainty as the UK’s EU exit approaches, the country has returned to economic growth. The growth of the British economy in January was 0.5% compared to December, when GDP decreased by 0.4%. The main contribution to the increase in GDP in the period from November to January was made by the services sector. The most significant growth was demonstrated by wholesale and retail trade, whereas in industrial production and construction there was a decline. In 2018, investments came under pressure due to the lack of a decision on the terms of Brexit. This was the cause of the weakest annual growth since 2012.
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