Britain’s economy now on course for ‘rapid recovery’ after coronavirus crisis
BRITAIN'S economy is set for a “rapid recovery” from the pandemic helped by strong consumer spending, a top economist said today.
And with the economy set to break records by growing more than a fifth in the second half of 2020, Mr Haldane says the recovery is already happening., he said: “The foundations for an economic recovery – a rapid one – are already in place, hiding in plain sight. “The recovery won’t be easy but if we all play our part, either by going back to work in our offices or enjoying a meal out, we can overcome this together and come out stronger than before.”Chancellor Rishi Sunak says Britain is 'bouncing back' after the latest figures showed the economy had grown in May and JuneOn Wednesday, it was confirmed that Britain was suffering a recession with GDP plummeting 20.4 per cent in the second quarter of 2020 – a record fall.
An ONS poll of workers from August 5 to 9, showed that 48 per cent are now working exclusively in the office – a huge jump from just 29 per cent at the end of May.
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