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To: Mike M2 who wrote (134561)	11/14/2001 10:15:26 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 436258

Bank of England Sees No Recession, Revises Outlook (Update2) By Reed V. Landberg London, Nov. 14 (Bloomberg) -- The Bank of England said the U.K. will probably avoid recession and there's a greater chance of inflation accelerating in the next two years than was the case three months ago. In its quarterly report, the bank said economic growth will slacken next year before accelerating in 2003. The U.S. economy shrank for the first time in eight years last quarter and the 12 nations sharing the euro grew at the slowest rate in almost three. ``Growth is likely to slow over the next few quarters,'' Deputy Governor Mervyn King said. Still, the bank ``does not believe that a recession in the U.K. is the most likely outcome.'' quote.bloomberg.com