Economics

If a “typical” free trade agreement is struck with Brussels, the Office for Budget Responsibility predicted a 5.2 per cent loss of potential GDP over the next 15 years after Brexit.

Analysts also said the central bank could increase asset purchases later this year to deal with the impact of the virus.

Global jobless levels may end up being more comparable to those of the 1930s than 2008, officials said.

The IMF chief economist said going forward she thinks ‘we could end up with a much more flat’ recovery.

The government’s socialist measures might be a temporary economic prop, but they can't ignore the wealth building movement for much longer.

Analysts at Bank of America say that Brexit has turned it into a mirror of the “small and shrinking” UK economy.

Government borrowing soars to record £62bn in April to cope with coronavirus

“We are stuck in a tragic relationship with GDP growth, now is the time to escape it and build a new system where the economy is built around people and planet.”

Monetary Policy Committee member Silvana Tenreyro cautioned the UK recovery is likely to be ‘less V-shaped than one would like’.