UK Warned It May Need More QE
Not out of the woods yet - that's the OECD's outlook for the UK. The Paris-based think-tank says the Bank of England should be on standby to pump more money into the UK economy. It forecasts that Britain's economy will grow just 0.9 percent this year after shrinking by 0.1 percent in 2012. OECD secretary general Angel Gurria, says more quantitative easing should be considered.
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