“Euphoric” surge in spending that is expected from a Covid-19 vaccine and whose lockdown restrictions are ending
The economy could be boosted by a “euphoric” surge in spending if a vaccine heralds the end of lockdown restrictions
The economy could be boosted by a “euphoric” surge in spending if a vaccine heralds the end of lockdown restrictions.
The Center for Economic and Business Research (CEBR) said a Covid-19 bump could encourage savers who had hidden £ 20 billion during the initial lockdown to go shopping.
The prediction comes after trials with a potential vaccine developed by Pfizer have shown promising early results.
CEBR vice chairman Douglas McWilliams said the arrival of a vaccine should mean “serious restrictions beyond Easter are unlikely”.
‘CEBR has calculated that consumers who have not yet paid out have achieved significant savings.
This could fund a big pickup in consumer spending with a pretty euphoric mood. ‘