Recovery will be fragile and unpredictable: Bank’s Sentance
Reviewing evidence that the UK economy had moved out of recession and into recovery, Andrew Sentance, a member of the Bank of England's monetary policy committee, identified improvements in key areas, but cautioned that the recovery was still in its early stages.
Speaking in London last Monday, he pointed to the broader recovery of the global economy and a pick-up in business confidence as proven by several surveys as indications that the economy was recovering. He also cited the improvement in
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