Britain’s economy is forecast to grow at the fastest rate since the second world war this year after businesses adapted better to coronavirus restrictions and consumer spending booms as lockdown measures are relaxed.
The EY Item Club said it had upgraded its growth forecasts for 2021 after a stronger start to the year than expected and as rapid progress with the vaccine programme enables a swift return to relative normality.
The group said it now expected GDP to grow by 6.8% in 2021 – a significant upgrade on the 5% growth rate it had estimated in January – which would mark the fastest annual growth in national income since 1941.
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