The UK economy is starting 2022 on the back foot as a record number of coronavirus infections and tighter restrictions driven by the Omicron variant cloud growth prospects.
It comes after a slower pace of growth at the end of last year as businesses and households face increasing pressure from rising energy bills pushing up inflation, as well as shortages of workers and resources. materials. Here are five charts for the UK’s economic outlook for 2022.
Economic activity has collapsed since the emergence of the Omicron coronavirus variant, with people choosing to be cautious due to high infection rates and renewed government restrictions on growth. Economists warn that a major blow would lead to a decline in gross domestic product (GDP) in the first months of 2022.