Bank of England Believe the Floundering Economy Will Gain Traction Next Year
11:26 AM, 16th November 2011, 15 years ago
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The Bank of England have released details of their latest inflation report, and despite the economy worsening and global economy slowing, they believe 2012 to be the year of the sharp inflation decline. They also expect GDP growth to continue to be weak until 2014.
The discomfort in the Eurozone has created an air on uncertainty over the expectations of growth and inflation, they warned if a suitable resolution is not found it “poses the single biggest risk to the domestic recovery”.
You can read the full report here.
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