The economy is expected to expand by 7.25% this year, with extra government spending helping to limit job losses.
However, it follows a contraction of 9.9% in 2020, the biggest in 300 years.
Andrew Bailey, the governor of the Bank of England, said the recovery was “strong” but likened it to “more of a bounce back” than a boom.
He added that the surge in growth, while “good news”, would only return the UK economy back to its 2019 size.
Mr Bailey told the BBC: “We’re going to see a continued strong recovery this year, but let’s put that into perspective.