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About: http://data.cimple.eu/news-article/cfd1c795fdf3bdc493a0b373a3be3bddab17a55b707133f879529fe2 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Britain's economy will rebound more sharply than expected this year on easing coronavirus curbs, the Bank of England forecast Thursday. The economy is expected to rebound by 7.25 percent in 2021, the BoE said in a statement as it upgraded its prior guidance of a 5.0-percent expansion. The UK economy tanked by 9.8 percent last year, Britain's biggest slump in three centuries -- and the worst G7 performance -- on the back of Covid-19 lockdowns. Activity is now expected to rebound this year after England's latest Covid-19 lockdown, which was implemented in early January, was partially eased last month following a rapid vaccination drive. From mid-April, pubs were allowed to serve drinks outside -- and non-essential retailers and hairdressers reopened too. "In the UK, GDP is higher than in the February projection," the BoE said in its May monetary policy report on Thursday. "Activity has been stronger over the recent past than was expected and the slightly earlier easing of restrictions also contributes to higher GDP in the very near term. "In 2021, annual average GDP growth is projected to be around 7.25 percent, compared with around 5.0 in the (previous) February report," it added. rfj/bcp/rl
schema:headline	UK economy to rebound by 7.25% this year: BoE
schema:mentions	Group of Seven Gross domestic product England Lockdown United Kingdom Vaccine Coronavirus disease 2019 Economic growth Monetary policy
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-06 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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