In Daily Mail article, BoE chief economist Andy Haldane said the “rapid rollout of the vaccination programme” means “a decisive corner is about to be turned for the economy too, with enormous amounts of pent-up financial energy waiting to be released, like a coiled spring.”
“People are not just desperate to get their social lives back, but also to catch up on the social lives they have lost over the past 12 months,” he expected.
“So come the Spring, we can expect the UK economy to be firing on all three cylinders – households, companies and government,” he added. “A year from now annual growth could be in double-digits and inflation back on target.”
“As its energies are released, the recovery should be one to remember after a year to forget.”
