BOE’s Bean Cautions Final-Quarter Growth May Be Weak
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Bank of England Deputy Governor Charles Bean cautioned against over-optimism following third-quarter gross-domestic-product data and said U.K. growth may be weak in the final three months of the year.
The figures were “stronger than we expected, but we should avoid getting over-excited,” Bean said in an interview with Sky News television yesterday. “It’s quite possible that we see weak growth in the next quarter. The big picture is of an economy that’s been bumping along the bottom.”