Bank of England’s Haldane sees lasting scars from COVID-19 crisis

 Bank of England’s Haldane sees lasting scars from COVID-19 crisis

November 23, 2020

LONDON (Reuters) – The coronavirus crisis will leave lasting scars in the form of higher debt and unemployment, missed education and mental health problems, especially for people on the lowest incomes, Bank of England Chief Economist Andy Haldane said.

“The vaccine announcements of the past few weeks offer hope at the end of the tunnel,” Haldane said in comments on Monday to a conference for charities organised by Civil Society Media.

“Nonetheless, even with a vaccine, it’s clear this crisis will lead to some lasting scars, particularly on the poorest and the most disadvantaged.”

(Writing by William Schomberg, editing by David Milliken)

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