Sunday March 29, 2020

Slump may be easing in Britain

Quantitative easing is finally getting Britain's economy back on the rails, says Bank of England governor Mervyn King, writes Ben Griffiths in London.

19th February, 2012
2
Mervyn King, governor of the Bank of England, during the announcement of the bank's quarterly inflation report. Photo: Bloomberg

Things looked very different two years ago, when optimistic economists couldn't agree whether the shape of Britain's move from slump to recovery would represent a U or a V. At least it wouldn't be flat-lining, they argued.

However, instead there are now predictions of an economy that will bounce in and out of growth for the remainder of 2012. Moving between the positive and negative, the GDP curve will resemble the heartbeat monitor on a...

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