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The message here is that they are going to be in no hurry at all to start to tighten policy, whether that is through a reversal of quantitative easing or higher interest rates
BOE report is cautiously optimistic May 13, 2009
Most Western developed economies are going to see the deepest downturn they've seen in a number of decades, in some cases possibly since the Second World War
Signs of global downturn hit markets Feb 18, 2009
The forecasts for the real economy have also been revised down sharply, with GDP expected to contract throughout next year
BOE sees sharp contraction ahead Nov 12, 2008
The economy now looks set to grow by just 1.2 percent or so this year, with a very strong chance of a technical recession in the second half
British economy may be in recession Aug 23, 2008
With growth already so weak in the first quarter before the full effects of the credit crunch and housing downturn had been felt, the economy looks set to slow significantly further over coming quarters
Soaring debts stoke recession fears Jun 28, 2008