Prospects for the British Economy after the Financial Storm - speech by Andrew Sentance

In a speech given at Royal Holloway, University of London, this evening, Dr Andrew Sentance - an external member of the Bank of England's Monetary Policy Committee - discusses the economic volatility of the past 18 months, the uncertainties that will affect the way in which the recovery might develop, and the monetary policy choices that will need to be made.
Published on 16 November 2009

Andrew Sentance begins by reviewing a wide body of evidence that suggests that growth has resumed. He sets out four elements to support this view: signs of growth across the global economy; positive news from a range of business surveys; improvements in consumer spending and confidence; and, an apparent levellingoff of unemployment. But he cautions that: ".though we have seen a wide range of signs of recovery.we are still in the very early stages of a resumption of growth."

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