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.”