UK Economic Outlook Summer 2021

UK Economic Outlook Summer 2021

Cyrille Lenoel

15 years: Macroeconomist

In this video, Cyrille provides an overview of the UK economic outlook, focusing on two issues: inflation and the labour market. He outlines what is currently driving up inflation, and what options the Bank of England has to keep inflation under control.

In this video, Cyrille provides an overview of the UK economic outlook, focusing on two issues: inflation and the labour market. He outlines what is currently driving up inflation, and what options the Bank of England has to keep inflation under control.

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UK Economic Outlook Summer 2021

12 mins 5 secs

Overview

In this video Cyrille will provide an overview of the UK economic outlook, focusing on two issues: inflation and the labour market. He explains what is currently driving up inflation, and what options the Bank of England has to keep inflation under control. On the labour market, Cyrille explains why there are labour shortages in some sectors at the same time as nearly 2 millions of workers are still in furlough.

Key learning objectives:

  • The current state of the UK’s economic recovery

  • The rising inflation and its effect on the recovery

  • Actions that Bank of England can take to prevent inflation

  • Mismatch between jobs needed to boost recovery efforts and availability of workers with required skill set

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Summary
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Expert
Cyrille Lenoel

Cyrille Lenoel

Cyrille is the Principal Economist at the National Institute of Social and Economic Research. As part of his work at NIESR, he has contributed to the development of the National Institute Global Econometric Model and a new National Institute Sectoral Econometric Model. Before joining NIESR in 2017, Cyrille had worked in quantitative roles in the financial sector to develop risk and pricing models. He has two master's degrees, one in Engineering from Ecole Centrale de Nantes, and one in Economics from Toulouse School of Economics.

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