Our other sites
Today's newsletter | Register | Subscribe | Feedback

King sees little hope of a rapid UK recovery

By PRW Staff
Posted 16 November 2012

Bank of England governor, Sir Mervyn King, has warned that the UK economy “may be in for a period of persistently low growth”.

“We face the rather unappealing combination of a subdued recovery, with inflation remaining above target for a while,” continued Sir Mervyn, adding that recently lost growth could be made up only “if you take a very long-term perspective of decades”.

His prediction also included a warning that there is a high probability that the UK’s economy would contract again in the fourth quarter as the Olympics’ temporary boost disappeared.

The Bank of England’s latest Inflation Report predicts growth will remain below its historic trend rate during the next three years. It now does not see the UK regaining its pre-2008 level of output until 2015.


Comment on this article.

[ Back ]



TOOLBOX

ALSO IN THIS SECTION
MOST POPULAR STORIES
Site Index [ + ]
Site Index [ - ]
Home:  PRW.com | Contact editorial | Contact advertising | Features List 2014 | About us
End Markets:  Automotive | Packaging | Construction | Medical | Consumer Products | Rubber
Processes:  Injection moulding | Blow moulding | Extrusion | Thermoforming
Supplier News:  Machinery | Materials | Recycling | Moulds | Design
Polymer Prices:  LME prices | Market outlooks | Resin selector
Industry Issues:  Environment | Regulation Competitiveness
Plastics Knowledge:  Knowledge Bank
Comment:  Champ Chat | Editorials | Business features
People:  Movers & Shakers
PRW Business Directory:  Directory
Classifieds:  Jobs | Classifieds
View:  Mobile | Desktop
Our Events:  PDM | Conferences
Industry Awards:  Industry Awards
Diary: Diary
Advertise with PRW
Subscribe:  PRW print | E-mail products
Reprints:  Reprints
List Rental:  List Rental
Crain Communications:  Crain Communications | Crain Publications

Entire contents copyright 2014 by Crain Communications Inc.
Plastics & Rubber Weekly and PRW.com are published by Crain Communications Ltd (registered in England & Wales No. 01576350).
Registered Office: 100 New Bridge Street, London, EC4V 6JA, United Kingdom.