UK’s economy has rocky road ahead
The UK has been rocked by Covid-19 with a 20% contraction in the second quarter that was the biggest among major developed nations
02 September 2020 - 17:40
London — Bank of England (BOE) policymakers painted a gloomy picture of the UK’s economic outlook, warning that the nation faces a long road back from the hit of the pandemic.
Governor Andrew Bailey told legislators on parliament’s treasury committee that the risks to growth remain to the downside, while one of his deputies, Dave Ramsden, said the economy might have lost more than 1.5% of growth permanently...
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