“The British economy will rebound from Covid-19 like a ‘tennis ball’, putting the country at the top of the G7 growth league“, He said Andy Haldane, Chief Economist of the Bank of England (BoE), overnight from Wednesday to Thursday, according to the British Daily Mail.
The outgoing BoE member also predicts that the British economic recovery will be so strong that as many new jobs could be created as were lost this year.
However, it should be noted that the legislator cited the risks of “a relapse if the virus is not defeated or if people and companies have to face paying debts during the shutdown.”
“UK inflation is likely to be above the 2% target by the end of 2021,” Haldane added.
“A year from now, it is realistic to expect UK GDP growth in the double digits“, he concluded.
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