BoE's Haldane sees long-term COVID risks, perhaps not 'The End of the World'
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LONDON (Reuters) - Bank of England Chief Economist Andy Haldane said there was a risk that the coronavirus pandemic would cause a long-term hit to spending by companies saddled with higher debts and by households worried about their job prospects."All crises leave scars and this crisis assuredly will be no exception," Haldane said on a Royal Economic Society webcast on Monday.The BoE said last week Britain's economy could shrink by 14% this year - the most since the early 1700s - due to the..