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Full text: Mark Carney’s speech ‘The spirit of the season’

By Prospect Team  

At a speech today in New York, Bank of England Governor Mark Carney addressed challenges to forecasts of a sustained recovery in the UK and US economies:

It is always a pleasure to be in New York during the festive season. At this time of year in this city everything seems possible. However for some time now, appearances have deceived. The hopes and dreams of the holiday season have gone unfulfilled as the bright lights of December have given way to the grim realities of January.

Around this time every year policymakers, investors and economists take stock. For four of…

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