WORLD UK economy to rebound by 7.25% this year: BoE

WORLD

UK economy to rebound by 7.25% this year: BoE

AFP

19:42, May 06, 2021

A member of staff wearing a face mask, looks out, at a restaurant in Chinatownin London, Tuesday, May 4, 2021.(Photo: AP Photo)

Britain's economy will rebound more sharply than expected this year on easing coronavirus curbs, the Bank of England forecast Thursday.

The economy is expected to rebound by 7.25 percent in 2021 due to "the slightly earlier easing of restrictions", the BoE said in a statement as it upgraded its prior guidance of a 5.0-percent expansion.

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