Andy Haldane, Bank of England Chief Economist has spoken publicly in the aftermath of the Bank’s latest despondent forecast, in which it predicts the deepest economic contraction in 300 years (-25%) and a sharp rise in the unemployment rate toward 9% (the highest since 1994). Mr Haldane says he fears the impact of the pandemicContinue reading “Stepping Through the Looking Glass: Bank of England Contemplates Negative Interest Rates”
Tag Archives: Bank of England
Bank of England Prophesy Worst Economic Slump in 300 Years.
Bank Publishes Deeply Despondent Economic Forecast for 2020. Optimistic Predictions For Recovery Are Made Through A Glass Darkly The UK economy will contract by 25% in the Second Quarter 2020 the Bank of England cautioned today, before staging a recovery “relatively rapidly” through the second half of the year, assuming lock down restrictions are significantlyContinue reading “Bank of England Prophesy Worst Economic Slump in 300 Years.”
BROAD SPECTRUM 