Saturday September 26, 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
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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago