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- The UK’s economy will grow 7% in 2021 led by the coronavirus vaccine rollout and a Brexit trade deal, Goldman Sachs predicted Friday.
- Over half of the country’s population is expected to be immunized by March, pointing to a significant rebound in economic activity from the second quarter of next year.
- Although new trade restrictions are likely to weigh on potential growth in the coming years, the drag will mostly be slow to materialize, Goldman said.
- UK GDP will end the year 11.7% under its pre-pandemic level, twice as much as Germany, France, and Italy.
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