Three Questions and a Forecast

3 Pages Posted: 27 Apr 2005

See all articles by Mervyn King

Mervyn King

Bank of England - Monetary Analysis

Abstract

In this speech, Mervyn King, Deputy Governor, asks, and then tries to answer, three questions concerning the current economic slowdown. First, why has the world economy turned down so rapidly? Second, is the United Kingdom heading for recession? Third, when will the imbalance between manufacturing and services come to an end? Mr King concludes that the United Kingdom has been affected by sharp swings in the world economy, but now is the moment for prudence to be joined by patience as the watchwords of economic policy.

Suggested Citation

King, Mervyn, Three Questions and a Forecast. Available at SSRN: https://ssrn.com/abstract=708167

Mervyn King (Contact Author)

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

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