BOE Mervyn King

BOE Mervyn King

Kiyoshi Ota/Bloomberg

“I think that during the course of 2013 we will see the recovery come into sight,” said Mervyn King, governor of the Bank of England. “If you take away what happened in the North Sea oil production and in construction, the U.K. economy even last year grew by 1.5 percent. There is momentum behind the recovery that’s coming.”