UK economy triumph: British growth surpasses China for first time in 40 years - DAILY POST
NOVEMBER 29, 2021
China is the factory of the world, but supply chain disruption and soaring energy prices are hindering the nation's ability to keep up with demand. The world's second-largest economy has lost steam in recent weeks, growing just 4.9 percent from July to September, which is the slowest pace in a year and worse than projections. A recent forecast has shown Beijing's struggles with power shortages, Covid outbreaks and industry pressure could be far from over and in its place, Britain has emerged as an economic growth leader - for the first time in more than 40 years.
The coronavirus pandemic has impacted every country in the world to some degree.
Many national economies and businesses were left on the brink, struggling to recover and lockdown restrictions forced industries to come to a complete standstill.
The FTSE dropped 14.3 percent in 2020, which is its worst performance since 2008.
According to the OECD, the COVID-19 pandemic triggered the deepest economic recession in almost a century.
In recent months, the impact of supply chain disruption has outweighed Covid concerns for many nations.