Economics

U.K. Economic Scars Could Be Deeper Than Bank of England Thinks

GDP seen still recovering by end-2021, Bloomberg survey finds
Sunak under pressure to extend support, more BOE stimulus seen

City Downturn With U.K. in Worst Economic Slump on Record — Photographer: Simon Dawson/Bloomberg

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By Andrew Atkinson and Harumi Ichikura

August 17, 2020 at 5:00 AM UTC

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The U.K. economy will likely be smaller at the end of 2021 than it was before plunging into a record recession this year, according to a Bloomberg survey that casts fresh doubt over Bank of England projections.