Invesco's John Greenwood has warned further QE in the UK is unlikely to lead to a rebound in economic growth as he said there was "no quick fix" to the country's economic woes.
Speaking ahead of today's announcement the Bank of England will begin a further £75bn round of QE, the chief economist said the economic outlook has "darkened" in recent months and warned further asset purchasing will not lead to a rapid recovery. "In the light of the Japanese experience of 2001-2005 and the recent US experience with QE, we should not expect the strategy to lead to any rapid recovery in the economy. "Increasing the government's indebtedness, or persuading non-financial companies to borrow more would ultimately only weaken the economy, not strengthen it. Sadly there is...
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