What is the significance of a 9% contraction in the economy?
Interview with Andrew Bailey, Governor of the Bank of England, on Q.E.
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Social Studies
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Hard
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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.
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2 questions
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OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the expected number of people to be supported by government policy?
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