FILE PHOTO: 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, London, Britain April 27, 2018. REUTERS/Toby Melville
“How big will be the second and third and fourth wave peaks? They surely will come,” Haldane said in an online talk for Buckingham University.Haldane, who last week described the shape of Britain’s economic recovery from the coronavirus lockdown as “so far, so V”, said household spending was bouncing back sharply.
“That leaves the level of activity still materially below its pre-COVID levels. But nonetheless, the direction of travel has been upwards.”
What next wave?
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