Top News

UK business executives fear bigger hit to jobs from COVID: BoE


LONDON (Reuters) - British business executives last month forecast a bigger hit to jobs from the coronavirus pandemic than previously, according to a Bank of England survey published on Thursday.

Managers in the BoE's monthly Decision Makers' Panel forecast an average 11% drop in employment for both the third and fourth quarters of 2020 - up more than a percentage point from the May survey.

The survey of 2,776 chief financial officers was conducted between June 5 and June 19.

(Reporting by Andy Bruce; editing by Michael Holden)

Did this story inform or enhance your perspective on this subject?
1 being least likely, and 10 being most likely

Recent Stories