“We should avoid getting overexcited,” Bean told Sky News, adding that growth could be weak in the fourth quarter.
“We do think there’s reason for some optimism going forward. Some of the headwinds that we’ve been struggling against in the past couple of years will be abating somewhat,” he said.
“There’s been some progress in dealing with the Eurozone problems – still a long way to go there but again slightly better picture – and also some signs that maybe conditions are improving in the banking system.”
Bean’s remarks came alongside a defence by chief secretary to the Treasury Danny Alexander of the government’s spending cuts on the BBC’s Sunday Politics show. Alexander said “the judgement we made when we started out was the right one, and it’s a judgement we’ve got to stick with”.