Monday 7 September 2020 9:40 pm

The City View: Andy Haldane, Bank of England chief economist, on the risk of contagious pessimism and the prospects for economic recovery

In this extended episode of the City View, Christian talks to Bank of England chief economist and Monetary Policy Committee member Andy Haldane, about the economic lessons learnt from the past five months and the prospects for our economy recovery.

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Haldane strikes an upbeat tone and warns against letting pessimism shape “the narrative we tell ourselves about our economy and our society.”

In a wide-ranging conversation, Haldane talks about how the Bank of England has adapted the way in which it identifies and measures economic activity; why the furlough scheme shouldn’t be extended; how businesses could be helped to manage their newly-acquired debt burden; and why he thinks people won’t go back to the old ways of working.

This is the final episode of the City View podcast for this series, marking the end of a run that has seen more than 100 episodes recorded since April. The podcast will return in a new format this Autumn.

Read more: The City View: Rational markets and innovative central banks? An investor’s guide to the crisis, with Phil Smeaton

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Disclaimer: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when spread betting or trading CFDs with ETX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money. Authorised and regulated by the Financial Conduct Authority with Financial Services register number 124721. ETX Capital provides an execution-only service and therefore any market analysis, opinion, commentary or other information provided during this webinar is for educational purposes only and is not intended to be a personal recommendation or construed as advice. ETX Capital and the presenter are not financial or investment advisors and do not recommend any instrument of any kind.  Any instruments that are mentioned throughout are cited only for illustrative and educational purposes.