BL PREMIUMAs it emerges from lockdown Britain’s economy appears to be recovering faster than anticipated. Forecasters have revised up their predictions for growth and lowered their projections for the unemployment rate. This follows a range of data that came in far stronger than forecast, from jobless figures to retail sales.
Partly, the UK’s bounce-back reflects the same factors that have lifted expectations for other rich countries: a vaccination programme, an end to lockdowns and high rates of household saving. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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