Bank of England's Bailey expects 'pronounced recovery' for economy

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Britain has now vaccinated more people against COVID-19 than almost any other country, raising hopes of a recovery once the government begins to ease restrictions.

would recover strongly as the country moves ahead with vaccinating its population against COVID-19.

Britain has suffered the highest death toll in Europe from COVID-19 and its economy shrank by the most among the world's industrial powerhouses during the 1st half of 2020. Bailey's comments in a BoE online event for the public came a day after the central bank's Chief Economist Andy Haldane said he expected the economy to begin to recover"at a rate of knots" from the 2nd quarter.

 

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