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Bank cuts growth forecast close to zero

By: Yossel in GREAT BRITAIN | Recommend this post (0)
Wed, 08 Aug 12 2:22 PM | 595 view(s)
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8 August 2012 Updated at 06:06 ET

Bank cuts growth forecast close to zero

Sir Mervyn King said the UK had been affected by the 'storm' in the eurozone


UK Economy

Q&A: What is GDP?

Why is the economy shrinking?

Why are we obsessed by growth?

Economy tracker: GDP explained

The Bank of England has cut its growth forecast to close to zero from the 0.8% predicted in May, as the double-dip recession intensifies.

link-
http://www.bbc.co.uk/news/business-19174649




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