After suffering its worst quarter’s contraction in growth on record, and an unprecedented level of government and Bank of England policy response, the UK economy has started to recover as lockdown restrictions have eased. With the outlook uncertain we will examine the challenges still facing the UK economy, with a particular focus on its main drivers, the consumer and corporate sectors.
What will be the implications of the virus and policy support for both economic growth and inflation? What has been the monetary and fiscal policy response and has it been sufficient? Is there room to do more?
Against this backdrop we will look at how UK financial markets have fared and what their prospects are from here.
Learning objectives:
• Describe the effect of the coronavirus on the UK economy and the policy response that it has engendered.
• Understand the key drivers impacting the outlook for inflation and growth in the UK economy.
• Outline the key fundamental factors likely to determine asset class performance