MoM: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages, Bank of England speech https://www.bankofengland.co.uk/-/media/boe/files/speech/2020/covid-19-and-monetary-policy-speech-by-michael-saunders.pdf?la=en&hash=02111FB09D7C30180137C228BB61E8C5447A84F9) |
imported>Doug Williamson (Layout.) |
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:''Michael Saunders, External Member of the Bank of England's Monetary Policy Committee, May 2020.'' | :''Michael Saunders, External Member of the Bank of England's Monetary Policy Committee, May 2020.'' | ||
Revision as of 21:50, 6 June 2020
Month On Month, particularly in the context of percentage growth or decline.
- The economic impacts of Covid-19 to date
- "It is clear that the Covid-19 outbreak and measures designed to tackle it have led to a very large and rapid decline in economic activity that is without precedent in recent times...
- As these effects began to develop, GDP fell by 2% in Q1 (with a 5.8% MoM drop in March), and a range of business surveys have shown unprecedented weakness since then."
- Michael Saunders, External Member of the Bank of England's Monetary Policy Committee, May 2020.
