Britain’s economy is headed for a period of sputtering growth just above the threshold of a recession, but for now even a hesitant pace of expansion is ringing alarm bells at the Bank of England.
The UK central bank is anxious to return double-digit inflation back to the 2% target and has estimated the economy can only grow at a dismal pace without adding to upward pressure on prices.
Read More : Why BOE is alarmed by UK’s sluggish growth rate