BoE forecasts zero GDP growth and below-target inflation for 2012

clock

The Bank of England has cut its forecast for economic growth this year to almost zero and has predicted inflation will be below target in the medium term.

In its quarterly inflation report, released today, the Bank said it expects to see no growth in the economy for 2012, down from the 0.8% predicted in the May report. Giving a press conference to...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Investor coalition calls on governments to take bold action on biodiversity

Investor coalition calls on governments to take bold action on biodiversity

COP16 call is backed by 27 pension funds and asset owners

Jonathan Stapleton
clock 23 October 2024 • 2 min read
Partner Insight: Locating the sweet spot in direct lending

Partner Insight: Locating the sweet spot in direct lending

On top of a compelling return, the northern European lower mid-market senior secured segment offers less downside risk and one of the best legal environments to negotiate any restructurings.

Laura Vaughan, CFA, Head of Direct Lending, Federated Hermes Limited
clock 23 October 2024 • 4 min read
Partner Insight: No Autumn chills for global investment grade corporate fundamentals

Partner Insight: No Autumn chills for global investment grade corporate fundamentals

Columbia Threadneedle Investments' Arabella Duckworth and Eyob Abay examine emerging trends as we move into 2025 and highlight sectors which will be most impacted

Arabella Duckworth and Eyob Abay at Columbia Threadneedle Investments
clock 23 October 2024 • 6 min read
Trustpilot