What was the Bank of England's forecast for GDP growth in Q4 2021?
U.K. Economic Growth in 2021 Was Best Since World War II
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The video discusses the UK's GDP growth of 7.5% in 2021, the highest since World War Two, highlighting the economic recovery from the pandemic. It notes the December contraction due to Omicron and restrictions, but Q4 still saw a 1% expansion. The Bank of England's interest rate hikes are anticipated, with a potential third consecutive increase in March.
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What is the significance of the potential March rate increase by the Bank of England?
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