Economists Repeatedly Wrong About UK’s Pandemic Recovery

Economists Repeatly Make Misconceptions About the UK Epidemic Recovery

Recent data from the ONS show that the UK economy has now returned to pre-epidemic conditions, with GDP growth of 0.9% between October and November – 0.7% higher than in February 2020, before Covid. Obviously the good news…

Back in January 2021, a FT is Annual survey of financial experts painted a vicious picture for next year:

“Economists expect that the UK economic recovery in 2021 will be slower than in other countries, due to the small start-up, large-scale employment, low-income businesses and the impact of Brexit.”

The survey asked about 100 financial experts to look at their crystal balls and predict the future. Almost all of them said “expect economic growth to not return to the epidemic before the third phase of 2022”. Analyzing research conducted to read tragically. Unemployment, repayment and the risks of Brexit should all hinder our recovery …

Instead, growth is now higher than pre-Covid, with unemployment comprising 4.2% – even at the end of September. Congratulations to Erik Britton, Patrick Minford, and Tej Parikh, who were the only financial experts from the FT survey to better understand…

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