- global economic conditions have deteoriated
No flies on the governor this morning but the questioning has been less than penetrative so far
Forbes:
- biggest risks to UK economy are external but Eurozone should avoid recession
McCafferty:
- some weakness in Eurozone may be due to short term factor
- sharp fall in oil prices may boost world economy more than BOE expecting
Is he not getting why oil prices are falling or is he hoping that there’s a silver cloud at the end of it all ?
