Alastair George
Alastair George, Chief Investment Strategist at Edison Group, comments: “A decline of 2.9% in GDP in January compared to December is a direct result of the government ordered lockdown. Despite an initially sluggish response last year, the UK now enforces one of the strictest COVID-19 lockdowns, which is clearly evident in real-time measures of mobility and this GDP data. At the same time, the UK has also pushed aggressively to deliver one of the world’s most rapid mass vaccination programs. The result is significant economic pain now but hopefully a durable return to normality over the next 12 months.”
