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Carney’s Escape Velocity Seen Out of Reach for U.K.: Economy

Bank of England Governor Mark Carney’s mission to get the U.K. economy to “escape velocity” has not yet succeeded, economists said.

Less than a third of 21 economists said the recovery has reached that level, with 71 percent disagreeing, according to a Bloomberg monthly survey published today. They split on the success of Carney’s forward guidance and whether he made the policy less clear by offering two separate forecasts for unemployment this month.