The economy continued to grow in October, but at a snail’s pace. And with the COVID-19 restrictions likely to remain in place for some time, the economy is in for a difficult few months yet. But scope for a decent “vaccine bounce” next year should allow the economy to regain its pre-pandemic level in early 2022. And we now think that by the middle of the decade the economy won’t be much smaller than if the crisis had never happened.
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