LONDON: Nearly half of Britain's biggest companies think it will take until the second half of 2021 before business recovers from the coronavirus pand...
Nearly half of Britain's biggest companies think it will take until the second half of 2021 before business recovers from the coronavirus pandemic, according to a survey on Monday that cast doubt on hopes for a speedier rebound.
The survey chimed with other gauges of business sentiment, such as the Bank of England's Decision Makers' Panel, which show companies expect a lasting hit from the virus outbreak that has killed more than 45,000 people in the United Kingdom. A Bank of England scenario published in May showed the economy regaining its pre-pandemic size by the second half of next year, but evidence for the kind of"V"-shaped recovery that would be needed is patchy.
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