UK survey points out thorns where Bank of England saw roses
Economy seen shrinking drastically after record recession in 2000
17 August 2020 - 16:04
London — The UK economy is likely to be smaller at the end of 2021 than it was before plunging into a record recession in 2020, according to a Bloomberg survey that casts fresh doubt on Bank of England (BOE) projections.
Calculations based on the median estimate of economists polled in August show GDP is set to be about 5% below its prepandemic level. The central bank sees output fully recovering by the same point...
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