BoE: Coronavirus could have longer-lasting scarring effects on the economy

<p>In a report, BoE said “increased uncertainty, lower confidence and a tightening in financial and credit conditions can amplify the initial falls in spending and production” due to coronavirus pandemic and the measures taken to contain it. There could be ” longer-lasting ‘scarring’ effects on the economy” despite the efforts to ease the severity of the […]</p>
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