Bank of England Chief Says UK Economy Will Adapt to Brexit Over Time
Governor Bailey acknowledges lingering challenges but predicts eventual recovery.
Bank of England Governor Andrew Bailey has said the UK economy will gradually adjust to the long-term effects of Brexit, despite current strains on trade and growth.
He noted that while output remains below pre-Brexit projections, businesses are beginning to adapt to new market realities.
Economists continue to warn that the full recovery process could take several years.
He noted that while output remains below pre-Brexit projections, businesses are beginning to adapt to new market realities.
Economists continue to warn that the full recovery process could take several years.
