The Bank of England’s inflation report and what it means for the unemployment rate
Milas, Costas
(2013)
The Bank of England’s inflation report and what it means for the unemployment rate
[Online resource]
As expected, the MPC revised upwards its GDP growth forecasts and predicted a return of the unemployment rate to the 7% threshold 18 months earlier than it previously thought. Costas Milas argues that despite the rising economic optimism and better economic data, unemployment might still take until the second quarter of 2016 to return to 7%.
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