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Bank of England warns of slow recovery for UK economy

Credit: FT.com- Published on August 6, 2020
Central bank forecasts output will not recover to pre-Covid-19 levels until end of 2021
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Video credit: ODN
Published on August 6, 2020 -  01:31
Bank of England: Uneven recovery will see job losses
The Bank of England has expressed that the downturn in the UK economy could be less severe than was first feared, but a recovery will be uneven. Governor Andrew Bailey said unemployment could rise to 7.5 per cent, and maintained that negative interest rates was something still in its toolbox. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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