Carney Sees Europe Stagnation Impact as Growth Outlook Cut
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Mark Carney unveiled lower U.K. growth and inflation forecasts as officials adjusted to account for “moribund” global expansion and stagnation in Europe.
“Developments in the world economy mean some of the downside risks to growth in earlier projections have crystallized,” the Bank of England governor told reporters in London today. “A specter is now haunting Europe –- the specter of economic stagnation.”