Suren Thiru, the head of financial aspects at the British Chambers of Commerce, said: "Regardless of keeping away from a two-fer downturn, with yield actually well underneath pre-pandemic levels in the midst of affirmation that 2020 was a verifiably disheartening year for the UK economy, there is little to cheer in the most recent information."
Every one of the four monetary areas followed by the ONS saw a drop in yield, with the most noteworthy fall coming in the development area, which shrunk by 12.5%.
Chancellor Rishi Sunak told the BBC: "The present figures show that last year our economy encountered a critical stun, and furthermore a few indications of versatility over winter.
"You understand what's reasonable is at this moment, numerous families and organizations are encountering difficulty. That is the reason we've set up an exhaustive arrangement for responsibilities to help individuals through this emergency, and we will set out the following phase of our financial reaction at our Budget toward the beginning of March."
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However, shadow chancellor Anneliese Dodds said: "These figures affirm that not just has the UK had the most noticeably terrible loss of life in Europe, we're encountering the most exceedingly awful financial emergency of any significant economy.
"Organizations can hardly wait any more. The chancellor needs to approach now with an arrangement to get the economy in the months ahead, with help going connected at the hip with wellbeing limitations."
In any case, Mr Sunak said global financial correlations were not really a helpful measuring stick.
"What's more, in the event that you either right for that distinction or take a gander at it such that is more OK with ostensible GDP, what you find, as the Bank of England and the ONS have called attention to, is that our exhibition is particularly in line and practically identical to different nations."
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