BoE's Bean warns global slowdown will "drag on"
Global Radio increases bid for GCap"On the assumption commodity prices remain stable and if anything fall back, then inflation should drop back as we go through next year.
"One would hope that the conditions in credit markets should gradually start to improve and those two factors will help to ensure growth will start to pick up as we go through next year.
"It's going to be a tricky period. Household real income is very low. That will make it difficult for households and there are difficult social issues that will arise.
"But the important thing is people realise this is just a transitory period of subdued of growth and we will get through the other side and growth will resume to more normal levels.
"Hopefully we can go back to something like the steady growth that we experienced over the past decade."
|
|
