The lacklustre GDP data in May have put a significant dent in hopes of a rapid turnaround in the UK economy, but I’m not going to bin my relatively optimistic forecasts just yet. I still expect the shape of the recovery to look roughly like a 'V', with GDP back close to pre-Covid levels by … Continue reading Is the UK still on track for a V-shaped recovery?
Category: UK economy
Chancellor gets it just about right
Rishi Sunak’s ‘Summer Economic Update’ was judged well – and delivered well – but it remains to be seen whether all the headline-grabbing measures will live up to the hype. The blizzard of announcements, culminating in the gimmicky ‘Eat Out to Help Out’ scheme, left me at least wondering whether the Chancellor was trying a … Continue reading Chancellor gets it just about right
‘V’ for recovery!
The recovery in the UK economy is already taking shape nicely – and the shape looks increasingly like a ‘V’, where activity 'bounces back’ quickly and returns to more normal levels much sooner than most currently expect. Despite this, many commentators are still pessimistic and even eager to emphasise the downside risks. It is time … Continue reading ‘V’ for recovery!
Plain-speaking Economics 