BOE's Carney: UK economy is an 'outlier' in IMF forecasts - BBC
Speaking to BBC Radio 4 this Friday, from the sidelines of World Economic Forum in Davos, the BOE Governor Mark Carney was noted saying that the UK economy is feeling Brexit effect in the short-term but is an 'outlier' in IMF forecasts.
Key quotes:
• But he does see a bit of pick-up in growth
• UK companies waiting for clarity on Brexit
• World economy is accelerating, but UK has not seen this yet
• There is a prospect UK will be recoupled with global growth later this year
• Denies the accuracy of the information in Times newspaper regarding the £10 bn Brexit cost
• Investment growth in UK is lagging behind the rest of the world
• UK GDP is a percentage point less than pre-Brexit forecasts
• The deeper the UK's relationship with Europe and rest of the world, the better it is for the economy