Thread by @BruceReuters, I mean, this is simply untrue.What is the basis for this claim?https://reut.rs/33Gmflq [...]

Andy Bruce

BruceReuters

I mean, this is simply untrue.

What is the basis for this claim? https://reut.rs/33Gmflq

BoE's Haldane says UK recovering 'faster than anyone expected'

Britain is recovering faster than anyone had expected from the economic impact of COVID-19, but businesses need better incentives and access to finance to invest in technology, Bank of England chief...

https://reut.rs/33Gmflq

"further and faster than anyone expected"???

May GDP was a big disappointment. June was a bit above the Reuters poll consensus. July was pretty much exactly as expected.

Does this look to you like the economy has massively exceeded forecasts?

Saying you think the recovery hasn't been given enough credit - fine. No problem there.

But "further and faster than anyone expected"?

Why, here's JPMorgan, who expected a further and faster recovery each month

Here's RBC, who expected a further and faster recovery each month

Here's Nomura, who expected a faster recovery than the one we had

Barclays

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