BoE downgrades 2021 GDP forecasts, upgrades 2022

In BoE’s economic projections, based on assumption of constant interest rate at 0.1%, GDP is seen as growing 5% in 2021 (revised down from November forecast of 7.25%), 7.25% in 2022 (revised up from 6.25%), and 1.25% in 2023 (revised down from 1.75%. Unemployment rate was forecast to be at 6.5% in 2021 (revised down […]
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