Brexit: Mark Carney is taking credit for dodging a recession that was never going to happen, says economist

'Mark Carney is taking credit for dodging a recession that was never going to happen', says economist

Mark Carney has said Brexit is no longer the biggest threat to the economy

Thursday, January 12, 2017

Mark Carney is taking credit for the Bank of England dodging a recession that was never going to happen anyway, says economist. 

Mr Carney, governor of Britain's central bank, has told MPs that Brexit is no longer the biggest threat to the UK economy, as it is growing more strongly than the Monetary Policy Committee predicted. 

He also said that the EU has more to lose from Brexit than the UK.

Mike Ingram, an economist at BGC Partners, told Julia Hartley-Brewer that Mr Carney is "taking the credit for the Bank of England dodging" a recession. "They’re basically saying 'we got it wrong because we got it right.'"

Mr Ingram believes there was never going to be an "immediate cliff edge for the economy, as the Bank of England suggested." He added that, while Mr Carney made by "being cynical", he's "more worried that the Governor actually believes what he's saying.

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