Economy will take two years to bounce back, warns think tank

The economy will take another two years to recover from the pandemic, a leading think tank has warned.

The National Institute of Economic and Social Research said that GDP would expand by only 3.4 per cent in 2021, down from an earlier forecast of 5.9 per cent. It blamed “uncertainty about the path of the virus and the effectiveness of vaccines against strains.”

Source: The Times
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