Bank of England downgrades forecast GDP in 2011 to 1.4% and 2% in 2012
Aug 10th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Bank of England said on Wednesday that it had downgraded its forecast GDP (gross domestic product) in 2011 to 1.4% down from its estimate of around 1.8% in May, and in 2012 from 2.5% to nearer 2%.