Cornoavirus: UK economy has ‘clawed back half of lost ground’

Cornoavirus: UK economy has ‘clawed back half of lost ground’

Image caption Andy Haldane says we have seen a bounceback

The UK economy has “clawed back” about half the fall in output it saw during the peak of the coronavirus lockdown in March and April, according to the Bank of England’s chief economist.

Andy Haldane told MPs there had been a “V” shaped “bounceback”.

Last month, Mr Haldane said the economy was “on track for a quick recovery” – the…

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