BOE’s Bean: UK economy ‘growing weakly at best’

Author: Gerry Davies | Category: News

Bloomberg reporting.

  • Low productivity ‘can’t go on for much longer’
  • Business uncertainty limiting QE effectiveness
  • 4Q UK GDP will be dampened by temporary factors
  • 4Q will be weak, UK GDP decline is possible
  • UK domestic inflation ‘not too much of a concern’
  • BOE hasn’t closed the door to further asset purchases