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Forecast in detail
Publication year - 2021
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12538
Subject(s) - economics , government (linguistics) , climb , fiscal deficit , extension (predicate logic) , government spending , adverse weather , monetary economics , fiscal policy , market economy , welfare , geography , philosophy , linguistics , computer science , programming language , meteorology , engineering , aerospace engineering
The adverse effect on the economy of continued restrictions on activity and extension of government Covid support schemes for households and firms mean projections for the fiscal deficit in 2020–21 have continued to climb. But the deficit should fall later back this year as activity recovers, while gilt purchases by the BoE should keep a lid on government borrowing costs.