UK economy likely to recover slowly from COVID hit-budget office head

In practice I think you are likely not to see the economy bouncing back to where we would have expected it otherwis
17 May, 2020
  • In practice I think you are likely not to see the economy bouncing back to where we would have expected it otherwise to be by the end of the year, on that assumption.

Robert Chote, head of the Office for Budget Responsibility, said a scenario published by the OBR last month showing a quick V-shaped recovery was only meant to be illustrative to show the hit to the public finances.

"In practice I think you are likely not to see the economy bouncing back to where we would have expected it otherwise to be by the end of the year, on that assumption, but instead a rather slower recovery," he told BBC television.

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