BoE's governor Bailey: Q3 recovery is a bit ahead of where we thought it would be in August

Market news

29 September 2020

BoE's governor Bailey: Q3 recovery is a bit ahead of where we thought it would be in August

Economic recovery has been uneven
UK economic activity in Q3 probably 7-10% lower than it was pre-COVID
Risks include COVID, Brexit talks, US-China trade relationship
Labour market is one of the hardest things to assess

White House economic advisor Kudlow says he doesn't know if stimulus deal can be reached - CNBC

Philadelphia Fed president Harker: U.S. employment won't recover until 2023

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