1 UK economic outlook: Emerging from the shadow of Covid-19

Spring optimism gives way to summer caution The background to our Summer forecast is a period of optimism which has ebbed notably in recent weeks, due to the virulent Delta strain of Covid-19. The UK’s advanced vaccination programme has dramatically reduced the link between the virus’s spread and mo...

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Bibliographic Details
Published in:National Institute economic review 2021-07, Vol.257, p.6-36, Article e1
Main Authors: Küçük, Hande, Lenoël, Cyrille, Macqueen, Rory
Format: Article
Language:English
Subjects:
Coronaviruses
COVID-19
Economic conditions
GDP
Gross Domestic Product
Hospitality industry
Immunization
Optimism
Prices
Social research
Tourism
UK Forecast
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Summary:Spring optimism gives way to summer caution The background to our Summer forecast is a period of optimism which has ebbed notably in recent weeks, due to the virulent Delta strain of Covid-19. The UK’s advanced vaccination programme has dramatically reduced the link between the virus’s spread and mortality, but both deaths and hospitalisations rose noticeably in July. The most recent National Institure Covid-19 Tracker (29 July 2021) indicates a more positive outlook for infection rates since the latest peak.
ISSN:0027-9501
1741-3036
DOI:10.1017/nie.2021.32