Experts: UK economic recovery will continue to be slow

1 November 2011

The post-recession economic recovery in the UK will carry on in a subdued manner throughout the remainder of 2011, experts believe.

Fresh data from the Office for National Statistics (ONS) relating to gross domestic product (GDP) expansion will be published later today but a poll of specialists in the industry conducted by Bloomberg showed there is widespread expectation this will be largely stagnant.

Indeed, the average expansion anticipated by these professionals in the third quarter is 0.3 per cent, which represents a slight hike on the 0.1 per cent posted in the previous three-month period.

This upward trend is likely to have been helped by the Bank of England's (BoE) decision to inject an additional £75 billion into the economy last month (6 October) as it attempted to boost the nation following the fiscal slump.

However, Ross Walker, economist at the Royal Bank of Scotland, told the news source that risks are "still skewed to the downside", meaning the BoE may have to implement more stimulus in the near future.

By Asim Shah

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