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"In view of the worsening global economic background, the manufacturing output figures, while disappointing and weaker than expected, are not surprising,” said the chief economist at the British Chambers of Commerce.
"The government for its part must be more proactive in pursuing growth-enhancing policies, and look to reallocate priorities within the overall spending envelope," added Mr. Kern.
“There is quite a lot of scope for further quantitative easing”
- Martin Weale, Bank of England policy maker