Three Questions and a Forecast
3 Pages Posted: 27 Apr 2005
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: Suggested Citation
King, Mervyn, Three Questions and a Forecast. Available at SSRN: https://ssrn.com/abstract=708167
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.