Britain likely in recession, risks deflation: Bank of England (AFP)

Clouds gather over London's Canary Wharf business district in east London. The Bank of England has said the economy is probably already in recession and faces a distant risk of deflation as the global financial crisis takes its toll.(AFP/File/Carl de Souza)AFP - The Bank of England said Wednesday the British economy was probably already in recession and faced a distant risk of deflation as a global financial crisis takes its toll.

AFP

Posted by

No Comments Yet - You can be the first to comment!

Sorry, comments for this entry are closed at this time.




  • Carmaker Dacia to halt production (AP)