Bank of England predicts "storm" for UK economy

Note: This section contains information in English only.
Source: The Independent
Bank of England decreased growth expectations for UK economy for upcoming two years and expects 0.8% and 2% expansion for 2012 and 2013 respectfully. Inflation rate is expected to be 2.5% for this year 2% target should be achieved only in the middle of 2013. Such adjustments were made due to 0.2% retraction of UK economy in the first three months of this year. Bank of England now predicts that UK economy will reach pre-crisis level in 2014.
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