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UK economy stronger than BoE thought in August, likely to slow-Bailey

Tue, 29th Sep 2020 15:15

LONDON, Sept 29 (Reuters) - Britain's economy has performed
a bit more strongly than the Bank of England thought as
recently as last month but there are signs that the recovery
will not be as strong going forward, BoE Governor Andrew Bailey
said on Tuesday.

Economic activity was probably about 7-10% weaker than
before the coronavirus pandemic in the July-September period,
Bailey said in a speech online to Queen's University Belfast.

(Reporting by David Milliken
Writing by William Schomberg, editing by William James)

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