LONDON, April 23 — The recovery of Britain’s economy from the coronavirus crisis is not likely to be swift and its shape could look more like a U than a quick bounce-back V, Bank of England interest rate-setter Jan Vlieghe said today.
The government and the central bank were taking measures to try to reduce long-term scarring in the economy, he said.
“But of course all the risks are that it will take longer and that it will look a little bit more like a U and than a V,” he said in response to a question after delivering an online speech. — Reuters
