Burgess: MPC growth forecast too optimistic
The Monetary Policy Committee's forecasts for UK real growth are too optimistic, while concern mounts over its inaction in raising rates to stem rising inflation, says Threadneedle's Mark Burgess.
The CIO predicts a UK GDP growth of 1.4% for end of 2011, below the consensus forecast of 1.9%, due to tightening fiscal policy and real disposable incomes not rising for five years. Revised figures...
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