UK GDP falls less than expected in January

UK GDP falls less than expected in January 150 150 Realm

Data released this morning by the Office for National Statistics shows that UK GDP fell 2.9% in January. This is better than expected with 4.9% forecasted.

On Thursday, European Central Bank President Christine Lagarde warned that the coronavirus pandemic was a threat to recovery. The ECB said that over the next quarter it would be setting its pandemic emergency purchase programme (PEPP) at a “significantly higher pace than during the first months of this year”.

Stocks are a little lower this morning. US futures have dipped after a strong show on Thursday when President Joe Biden signed his $1.9 trillion stimulus package into law.


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