Stretched government budgets could slow full COVID recovery – BoE's Tenreyro – Kitco NEWS

LONDON, Oct 7 (Reuters) – Bank of England interest rate-setter Silvana Tenreyro said the stretched budgets of governments around the world could hinder the full recovery of the global economy from the COVID-19 pandemic.

In an online speech to the British Chamber of Commerce in Argentina on Wednesday, Tenreyro also said shifts towards working from home and online shopping might bring medium-term productivity gains but there would be a short-term shock for many people. (Writing by William Schomberg, editing by David Milliken)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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