A Reuters poll of over 70 economists indicates it will take more than two years for Britain’s economy to recover to its pre-COVID-19 level. Median forecasts in the January 11-14 survey said the economy would contract 1.4% this quarter after shrinking 2.0% in the final three months of 2020. The Bank of England is expected to keep rates steady until at least 2024 and to avoid negative borrowing costs.
Read more: Reuters
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