LONDON (Reuters) – Britain's economy is mired in stagnation rather than recession, with the euro zone debt crisis the biggest source of uncertainty, Bank of England policymaker Martin Weale said in comments published in the Birmingham Mail on Thursday. "The economy is stagnating but I have not heard people say 'this is a disaster'," Weale was quoted as saying on a regional visit in central England. "For quite a long period now, we have had slight upward movement, and slight downward movement. …
BoE’s Weale sees UK in stagnation, not recession – paper
by admin on Thursday, August 16th, 2012 | Comments Off
