Economic activity in the UK began to grow records in the last seven years. Against the background of deferred demand, retail sales in March increased most of all for nine months, writes Bloomberg.
The Bank of England expects a sharp restoration after the hardest recession in three centuries as the active vaccination of the population is underway. It is noted that inflation remained at a low level, the expectations of the business for the next year turned out to be close to record high, and jobs were created by the fastest pace since 2017.
Exports also returned to growth after three months of fall. According to the Bank of England, the family has accumulated 150 billion pounds (208 billion dollars) savings. Households are ready to make large purchases, experts note.