Bank growth revisions show "increased downside risk"

By Jon Masters2010-08-16T13:55:00

The Bank of England has revised downwards its 2011 GDP Growth Forecast from 3.4% to 2.5%. This figure may be reduced further later in the year given the effect the government’s austerity measures may have on: employment (despite the recent respite), the banking sector’s propensity to lend (or lack of ...

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