UK's King gloomy on economic conundrum

Mervyn King, the governor of the Bank of England, said on Thursday that the economic outlook is "uncomfortable" because the problems of the credit crisis are now coupled with burgeoning inflationary pressures.

Speaking to lawmakers, the governor said growth was likely to slow, while inflation was set to rise: "Although the official estimates of output still indicate firm growth, surveys suggest that the economy is starting to slow," King said. "At the same time, world energy and food prices have

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