Covid-19: Barclays Bank forecasts the bigges economic boom in the UK since 1948

 

While may of us worry about the economic prospects during the pandemic and after the pandemic, Barclays Bank forecasts the biggest economic boom in the United Kingdom since 1948.

The news is extremly encouraging and helped by good weather and the will of the British people to finally come out of the Lockdown period to start spending and enjoying their newly found freedoms might well be the key for more spending, faster turnout of monies spent and an explosion of optimism to get us out of the doom and gloom period to start runnning towards higher rates of exployment and of consumer satisfaction.

This happens when our neibouring EU countries are still in a muddle in what concerns Lockdowns, vaccinations and the number of infections and life losses and adding to this the climate of instability that leads to street protests and confrontation as countries like Germany and France are heading towards General Elections. One can only wonder what will be the outcome of those elections and the political repercussions across the European Union.

Covid-19 and the pandemic are health issues that have quickly turned out to be highly charged political issues in terms of competence of authorities to deal with health crisis and the willingness of elected representatives to pass ever more restrictive and in some case more repressive legislation.

We await the new dates for greater opening of Britain and we await also the outcome of experiments of social mass gatherings to detect the effects concerning the spread of infection.