Mervyn King: Expect 'gradual recovery'
The Bank of England has cut its economic growth forecast for 2011 from 1.8% to about 1.4%.
Inflation could hit 5% by the end of the year. I
In his quarterly report, the governor of the Bank of England, Sir Mervyn King, said "headwinds are becoming stronger by the day".
10 Aug 2011
- From the section Business