Surfs Up ... Drop In ... Pull In ... Kick Out
The UK Economy is bouncing back from the coronavirus. Businesses are ready to shoot the curl! Surf's Up! It's time to Drop In, Pull In, Kick Out and enjoy the ride.
We expect the economy to grow by 6% this year and by 11% over the two year period. In nominal terms the economy will grow by over 20% over the next three years, providing strong support for businesses and jobs in the process.
Interest rates will remain on hold. Monetary policy will continue to be expansive. Fiscal policy will remain neutral. Even the so-called zombie companies will benefit from high levels of forbearance and debt erosion.