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BOE's Haldane predicts possible double-digit annual growth rate in UK a year ahead: Daily Mail - Metro US

BOE’s Haldane predicts possible double-digit annual growth rate in UK a year ahead: Daily Mail

The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London

(Reuters) – Britain’s annual economic growth rate could be in double digits a year from now, the Bank of England’s chief economist Andy Haldane wrote in a Daily Mail column published online late on Thursday.

Economic recovery should be “one to remember, after a year to forget,” Haldane wrote https://www.dailymail.co.uk/news/article-9251595/Bank-England-chief-economist-predicts-Britain-roar-spending-boom.html.

The central banker predicted that British households would have amassed “accidental savings” of up to a massive 250 billion pounds ($345.30 billion) and that there would be a spending boom once COVID-19 restrictions are lifted in the country.

($1 = 0.7240 pounds)

(Reporting by Derek Francis in Bengaluru; Editing by Chris Reese)

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