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How have divergent lockdown measures impacted the UK and Europe?

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How have divergent lockdown measures impacted the UK and Europe?

Thursday 27 January 2022 – Vol.13 Ed.4.4

Commentary: Outlook 2022: US versus euro area performance

By Geoffrey Yu in London

On the face of things, the UK’s decision to avoid fully locking down the economy over the Christmas period appears to be paying dividends. In contrast, the euro area and wider European Union introduced restrictions relatively early, so markets are starting to price in greater underperformance on growth and policy normalisation. This is particularly clear in the euro/sterling exchange rate, but the UK’s growth foundations remain very fragile.

Read the full commentary on the website.

On demand: A macroeconomic overview and the Bank of England’s monetary policy

Thursday 27 January 14:00-15:00 GMT

With the impact of Covid-19 on international monetary and financial conditions, as well as higher energy and goods prices, Catherine Mann, external member of the Monetary Policy Committee at the Bank of England, discusses the latest economic projections for the UK. She offers her thinking on effects on inflation and the direction of monetary policy.

Watch the video here.

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