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Page last updated at 11:50 GMT, Wednesday, 13 May 2009 12:50 UK

King on slow economic recovery

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The Bank of England Governor, Mervyn King, has said that the economy is in for a "slow and protracted recovery".

The latest quarterly inflation report from the Bank of England predicted a 4.5% year-on-year decline in economic growth at its lowest point, worse than the government's projections for a 2009 decline in GDP of around 3.5%.

Mr King added that the timing and strength of the recovery was "highly uncertain".

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