For subsequent yr, the OECD expects an incomplete rebound of seven.6% within the UK, leaving the economic system smaller than it was in 2019. Taking a look at how that breaks down, the figures recommend shopper spending managing to completely reverse this yr’s fall. The areas that will stay effectively beneath pre-pandemic ranges are funding and exports. And unemployment is heading increased in line with this survey, to greater than 7%. It was beneath 4% earlier than the pandemic.