Recovery may be slow, warns King

Link to the article: Channel 4 News

Bank of England Governor Mervyn King warns of great uncertainty for the UK economy.

Unveiling the bank’s quarterly inflation report, King said: "The economy will heal, but the process may be slow."

He said that this recession was unlike previous ones.

And he noted that there were reasons for optimism - but that rising public debt and the damaged banking system could still delay a recovery.