UK economy to 'zig-zag', says Mervyn King
The Bank of England says the UK is unlikely to enter recession this year and believes growth will be around 1.2%.
It also forecast that inflation would drop to the government's target of 2% by the end of 2012 and will fall further next year.
However, Bank of England Governor Sir Mervyn King, warned that the UK economy will "zig-zag this year".
15 Feb 2012
- From the section Business