Interview with Andrew Bailey, Governor of the Bank of England, on Q.E.

The video discusses the uncertainty in economic forecasts due to COVID-19, projecting a return to pre-COVID levels by early 2022. It outlines assumptions about health recovery without specific vaccine or treatment timelines. The economy is expected to shrink by 2% in the fourth quarter, with a 9% contraction from the previous year. The video concludes with informal remarks.

What is the expected timeline for the economy to return to pre-COVID levels?

• Late 2022

• Late 2021

• Early 2022

• Mid 2022

What assumption is made about the recovery path in the economic forecast?

• A rapid recovery with immediate effects

• A gradual and progressive recovery

• No recovery expected until 2023

• A recovery dependent on vaccine availability

By how much is the economy expected to shrink in the fourth quarter?

• 2%

• 1%

• 10%

• 5%

How does the current economic contraction compare to historical standards?

• It is less severe than expected

• It is unprecedented

• It is slightly worse than average

• It is similar to past contractions

What is the nature of the conversation in the third section?

• A debate on health measures

• An informal interaction

• A discussion on government policies

• A detailed economic analysis