Bank of England Governor predicts “conscious recoupling” of economies

Bank of England Governor predicts “conscious recoupling” of economies

Bank of England Governor Mark Carney has predicted a “conscious recoupling” of the UK economy with the rest of the world as Brexit continues.

Carney was speaking to the BBC at the World Economic Forum in Davos, and admitted that the UK economy is currently an outlier in terms of global economic growth.


Mark Carney attributed this slightly slower growth to businesses holding back on investment, awaiting the outcome of the Brexit negotiations. However, Carney went on to predict that the UK economy would catch up with the rest of the world as Brexit continued and the picture became clearer.

Carney also gave his opinion on what the best outcome of the Brexit process would be for the UK economy, expressing his belief that the deeper the relationship between the UK economy, Europe, and the rest of the world, the better.

Recent figures from the International Monetary Fund have shown Europe is one of the key drivers of the current global economic growth, and Carney said he was confident the UK would catch up over the next few months as Brexit unfolded and the UK forged new links with other economies.


Carney said: “The world economy is accelerating and we haven’t seen that yet. But there is the prospect this year, as there is greater clarity with Europe for conscious recoupling, to borrow a phrase from Gwyneth Paltrow, of the UK economy with the global economy.”

Other News

The impact of the Brexit deal on the accountancy sector

After months of uncertainty and political wrangling, a Brexit deal was finally announced on Christmas Eve 2020. The deal includes…

5 Essential elements of a winning business development plan

The first step to building or expanding a business is creating a concrete business development plan. Entrepreneurs will find plenty…

How strategic business planning can help you through 2020?

Every business operates with the goal of growth, but only a few manage to beat the competition at every curve.…

Back to top