Goldman Sachs:UK Economy To Grow 7% Unlisted Video
3 years ago
9
Goldman Sachs
THE BANK OF ENGLAND
Brexit
Politics
Portmanteaus
Withdrawal From The European Union
COVID-19 Vaccine
Foreign Relations Of The European Union
On Friday, Goldman Sachs predicted the UK's economy will grow 7% in 2021.
The growth will be led by the coronavirus vaccine rollout and a Brexit trade deal.
Over half of the country's population is expected to be immunized by March.
Business Insider reports there will be a significant rebound in economic activity from the second quarter of next year.
New trade restrictions are likely to weigh on potential growth in the coming years.
Goldman said the drag will mostly be slow to materialize.
UK GDP will end the year 11.7% under its pre-pandemic level, twice as much as Germany, France, and Italy.
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