UK seeing V-shaped recovery, says Bank of England economist

The economy has been growing at around 1% a week since May, Andy Haldane tells MPsThe Bank of England’s chief economist, Andy Haldane, insisted on Monday that Britain is enjoying a V-shaped recovery, despite concerns among rival central bank policymakers that the economy is struggling in the wake of high-profile job cuts that are expected to send unemployment higher.Haldane, who has become a controversial figure in recent months for his comments that the UK is in the midst of a quick turnaround, said the UK economy had recovered around half of the massive fall in output that took place in March and April when the Covid-19 lockdown was most intense. Continue reading... https://www.theguardian.com/business/2020/jul/20/uk-seeing-v-shaped-recovery-says-bank-of-england-economist #andy_haldane #bank_of_england #business #uk_news #monetary_policy_committee #economic_policy #economics #recession