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Britain set for 'sluggish' climb out of recession

Publié par Clifford Armion le 30/11/2010

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Andrew Grice and Sean O'Grady

"The prospects for Britain's economy remain "inherently uncertain" and the return to growth will be "relatively sluggish", the independent fiscal watchdog has warned.

"The Office of Budget Responsibility (OBR) said the economy "will continue to recover from the recession, but at a slower pace than in the recessions of the 1970s, 1980s and 1990s".

"George Osborne, the Chancellor, seized on the positive aspects of the OBR report as evidence that the recovery is "on track". The watchdog upgraded its prediction in June that the economy would grow by 1.2 per cent this year to 1.8 per cent, but downgraded next year's growth forecast from 2.3 to 2.1 per cent."

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Pour citer cette ressource :

"Britain set for 'sluggish' climb out of recession", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), novembre 2010. Consulté le 15/04/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/britain-set-for-sluggish-climb-out-of-recession