News Formal

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

  • 📰 Reuters
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.Reporting by Andy Bruce; editing by Michael Holden.

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.Reporting by Andy Bruce; editing by Michael Holden
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Suze Orman says you need an 8-month emergency fund during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Counterpoint about the aftermath of using credit cards for everyday expenses while trying to save cash:
Source: BusinessInsider - 🏆 729. / 51 Read more »