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Podcast: Beyond Currency
Episode: 4 August 2020 - Demand sees factory output grow
Description: "The Bank of England's Chief Economist Andy Haldane is paid to see into the future and predict just how the economy is going to perform. It would appear that he has earned every penny of his salary over the past month as he predicted a significant rise in manufacturing output and that is what the economy delivered.
Factory output grew to 53.3 in July, in line with the flash estimate, confirmed Haldane’s view that the economy is going to experience a V-shaped recovery. Of course, his prediction was made prior to the current fears over a second wave of Covid-19.
Th...