Sickly Britain Crawls Toward Low GrowthSean O'Grady
The UK faces a "relatively slow and protracted recovery", according to the Governor of the Bank of England, Mervyn King. The Bank's latest Inflation Report suggests that the British economy will contract by about 4 per cent this year, with a nadir of -4.5 per cent around the summer, before returning to growth early in 2010.
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