Article 5H21C UK economy predicted to grow at fastest rate since second world war

UK economy predicted to grow at fastest rate since second world war

by
Richard Partington Economics correspondent
from on (#5H21C)

EY Item Club upgrades forecasts for 2021 after businesses adapted better to Covid controls

Britain's economy is forecast to grow at the fastest rate since the second world war this year after businesses adapted better to coronavirus restrictions and consumer spending booms as lockdown measures are relaxed.

With businesses and households preparing for looser controls this spring, the EY Item Club said it had upgraded its growth forecasts for 2021 after a stronger start to the year than expected and as rapid progress with the vaccine programme enables a swift return to relative normality.

Related: Caution needed over bounceback optimism as booms in Britain have tendency to end in busts | Larry Elliott

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