UK on course for a V-shaped recovery says Bank of England

Economic activity has picked up but unemployment could prove a major concern, says the Bank’s chief economist

The Bank of England’s chief economist has said the UK economy is on track for a V-shaped recovery from the Covid-19 crisis, but warned that a surge in unemployment could nudge the country off course.

Andy Haldane said economic activity had steadily recovered since hitting a trough in April, when the UK was a month into strict lockdown measures that forced mostbusinesses to close.

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