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UK’s Sunak: too early to predict shape of recovery from recession

imageEconomy6 hours ago (Jul 09, 2020 02:40AM ET)

(C) Reuters. Britain’s Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London

LONDON (Reuters) – Britain is facing a significant recession but it is too early to tell how quickly the economy will be able to recover, British finance minister Rishi Sunak said on Thursday.

Asked about the outlook for the economy, Sunak said: “It’s too early to tell… we won’t know the exact shape of (the) recovery for a little while.”

“I am absolutely anxious about the state of the economy. We are… entering into a very significant recession, we know that that is happening,” he told Sky News.

UK’s Sunak: too early to predict shape of recovery from recession

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