Wednesday, Feb 10, 2010
More from the BoE
Yahoo: Bank of England forecasts 'gradual' recovery
Britain, which emerged from recession late last year, faces the prospect of a "gradual" economic recovery this year, the Bank of England said on Wednesday in its latest quarterly assessment of the economy.
Posted by mr g @ 12:19 PM (315 views) Add Comment
5 Comments
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1. vacuouspolitician said...
Hey My G behave...you know "we don't comment on Yahoo articles"
Jar Jar Spoon Spoon
2. Chilli said...
Britain, which emerged from recession late last year, faces the prospect of a "drastic" economic slowdown this year, the Bank of England said on Wednesday in its latest quarterly assessment of the economy.
The BoE predicted that year-on-year growth would head south to the tune of 23.5 percent by the end.
"The world economy continued to recover, although global activity remained well below pre-crisis trends," the Bank of England (BoE) said in the report. " However the UK economy will buck this trend. The future looks bleak!"
"After falling substantially, output in the United Kingdom stabilised in the second half of 2009 and a period of gradual stagnation followed by a 'drop off a cliff' will be forecast in the forseeable future."
Now all jokes aside. If things were ever this bad, would we ever see an article forcasting very bad news? I firmly believe the scale of news reporting goes something like this.
Very Positive
Moderately Positive
Mildly Positive
Neutral
Mildly Negative
Moderately Positive
Very Positive.
3. mr g said...
VP@1
I didn't get a bad response to my post earlier today titled "Rob the thieving bankers! though!
4. mr g said...
Incidentally, the censor has been at work again, this article's full original title was "More Bull from the BOE"
5. vacuouspolitician said...
Yes. The censor has been working overtime on some of my posts which outlined the skullduggery of a certain 'know-it-all' poster who thinks he has the right to tell people what to say/think Whatever happened to freedom of speech?