Skip to main content

Risk of double-dip rising, Bank of England to do more

It may only be a matter of time before the UK follows its European neighbours into a de facto national lockdown. As a result, there are big downside risks to our already downbeat forecast that GDP won’t rise at all in October, November and December. We think the deteriorating economic outlook will prompt the Bank of England to announce another £100bn of QE at its meeting next Thursday and £150bn more QE in 2021, compared with the consensus forecast that the asset purchase programme will, by the end of this year, be as big as it’s going to get.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access