Slow Recovery _ Bank of England
Published / Last Updated on 13/05/2009
Slow Recovery - Bank of England
The Governor of the Bank of England, Mervyn King, has said: "There are pretty solid reasons for supposing that there will be a recovery next year, but also pretty solid reasons for questioning if that will be sustained"
The Bank of England has published its forecasts in its economic report for the next two years and suggests inflation will rise slowly and GDP i.e. how much money our economy generates will slow by a massive 3.5% in the next year.
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