Article preview: Could it take until late 2023 or even 2024 before the size of the UK’s economy recovers to its pre-pandemic status? According to a new forecast from the National Institute of Economic and Social Research (NIESR), the UK has a challenging road ahead and faces the prospect of a prolonged economic depression. The forecast warns that the emergence of new Covid-19 variants and long-lasting restrictions on everyday life could halt economic recovery for several years.
A less optimistic forecast for UK economic recovery
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This 452-word blog post looks at a new forecast from the National Institute of Economic and Social Research (NIESR), warning that the UK has a challenging road ahead and faces the prospect of a prolonged economic depression. Written on 8th February 2021.
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