20 April 2009

UK economic recovery to begin in 2010

The BBC has reported that the British economy is to return to positive growth in the first quarter of 2010. Good news for Labour ahead of a May 2010 poll (which, if this is true, will almost certainly be the date).
The British economy is likely to stage a recovery next spring, forecasts by two leading business groups have said.

The employers' group, the CBI, has predicted that there will be economic growth in spring next year but said any recovery would be "slow and fragile".

It predicted the economy would shrink 3.9% this year but grow 0.2% in the second quarter of 2010.

Separately, a report from the Ernst & Young Item Club has predicted that the economy will shrink by 3.5%
this year.

It forecast the economy would shrink by 0.1% in the whole of 2010.

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1 comment:

Anonymous said...

Better late than never.