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Andrew Benito

Posted: 6 July, 2020 - 09:51

Will mass unemployment overshadow the U.K. outlook or will we be struck by the resilience in employment following a severe, yet short-lived, recession? Using the Beveridge curve to construct a baseline points to the unemployment rate rising sharply from 4% to 10% as the UK’s Covid-19 Job Retention Scheme (CJRS) unwinds in the second half of the year.