On Thursday official data showed that the UK economy was almost stagnant for the three months preceding February, before the coronavirus or COVID-19 crisis led to growth in the country and also pushed it towards what is likely to become severe recession.
Such data must be interpreted as lagging. Collecting statistics for the previous quarter of course works. Bank of England is guided by these indicators and builds its monetary policy in ordinary conditions, but not in the current stressful situation. The effect of #covid19 helped to cross out all the past data and now we start everything from scratch. The best opportunities for earning, which have not existed for at least 20 years, are opening up right now.