The Bank of England has gone on record forecasting that an unemployment rate of 7 percent is feasible by the end of 2014, but only if interest rates stay low. Should this opinion prove true, then England would be a full two years ahead of plan, in terms of economic restoration. A more likely scenario, however, is that the United Kingdom would see that unemployment rate by 2015 or 2016. Whichever the case, there’s a sense of optimism in England about its economy. That feeling was echoed by Bank of England Governor Mark Carney, “For the first time in a long time, you don’t have to be an optimist to see the glass is half full.” While that’s technically true, as an investor, you certainly need to see more than a feeling to get back into British investments.
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