Bank governor George dismisses 'double-dip' chance

UK - The world's leading economies are not expected to fall prey to the much-dreaded "double-dip downturn", Sir Edward George, governor of the Bank of England, said yesterday.

The governor of the Bank of England adopted a resolutely upbeat tone after chairing a meeting of the Group of 10 central bankers, who represent the bulk of the world's most powerful economies.

Speaking on behalf of the G10, Sir Edward said: "As far as the major economies are concerned, there was a clear sense that not jus