Recovery 'will be slow and painful'
THE UK's economic recovery will be slow and painful with unemployment remaining high and pay staying low, the governor of the Bank of England has told business leaders in the Westcountry.
SIGNS of slow recovery are apparent in the world's economy and according to the International Monetary Fund Managing Director Dominique Strauss-Kahn, stimulus measures implemented to ward off the effects of the crisis should remain until the recovery is firm.