BoE Chief Economist earlier said he expected a “rip roaring” economic recovery … based on “chatting” to people

Oh dear. Far be it from me to question his analysis but this does seem rather thin?

  • “My sense will be… chatting to people, they are desperate to get their lives back, desperate to get out spending and socialising and working” 
  • “And if that happens then some of those savings … do get spent. Even a small amount of them, we are talking about a pretty rip-roaring recovery.”

I really hope he is right. Folks in the UK are doing it really hard, and have been for many months. And maybe he has a better basis for his projections than chatter. 

Earlier post here:

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