Contact Information

Theodore Lowe, Ap #867-859
Sit Rd, Azusa New York

We Are Available 24/ 7. Call Now.

Coronavirus: Bank of England says downturn less severe than feared

Breaking News image

The UK economy faces a less severe downturn but slower recovery from the coronavirus pandemic, according to the Bank of England

The Bank expects the economy to shrink by 9.5% in 2020.

While this would be the biggest annual decline in 100 years, it compares with an initial estimate of a 14% contraction.

However, the Bank warned that the jobs market recovery would take longer as it held interest rates at 0.1%.




Leave a Reply

Your email address will not be published. Required fields are marked *