BoE to declare Britain’s economy is recovering from Covid recession faster than expected as vaccine rollout continues

Britain’s economy is recovering from the coronavirus recession faster than expected as the vaccine rollout continues, the Bank of England will declare this week. The central bank, led by Governor Andrew Bailey, looks set to raise its growth forecasts for the UK when it publishes its latest monetary policy report on Thursday. In its last update in February the Bank pencilled in a 5 per cent rise in output this year following the 9.8 per cent slump in 2020. Unemployment was also slated to rise to 7.8 per cent. But with the outlook improving, this looks too pessimistic. Howard Archer, chief economic adviser to … (full story)

Let's Have A Chat ​

OPEN ACCOUNT

please, upload jpg, jpeg, png or pdf files only