Bank of England's George on world economy

Bank of England governor Edward George told reporters at the end of the G7 meeting that the recent fall in oil prices shows uncertainty is being lifted as the war draws to an end.

Source: Reuters

The near-end of the war in Iraq means the end of a big depressing effect on the world economy and makes a gradual recovery this year more likely, Bank of England Governor Sir Edward George said on Saturday.

"There is a sense that war uncertainty, which was very powerful and having a depressing impact, t