PropertyValue
?:abstract
  • The immediate fiscal consequences of the coronavirus pandemic are likely to be greater than those of the financial crisis in 2008–09 This reflects both the damage to the economy from containment measures and the cost of government policies to support incomes But with gilt yields close to record lows and demand for UK government debt bolstered by BoE purchases, the interest cost of a temporary surge in the deficit should be modest
  • The scale of fiscal support to the economy since the onset of the coronavirus pandemic, and the plunge in tax receipts triggered by action to contain the virus, have driven up public sector borrowing to wartime proportions But with demand for UK government debt high, helped by an expansion of asset purchases by the Bank of England, financing the extra debt is taking place under very favourable conditions
?:creator
?:journal
  • Economic_Outlook
?:license
  • unk
?:publication_isRelatedTo_Disease
?:source
  • WHO
?:title
  • Forecast in detail
?:type
?:who_covidence_id
  • #669740
  • #820759
?:year
  • 2020

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