The Confederation of British Industry (CBI) has forecast a "pick up" in recovery for the UK in the remainder of 2012.The CBI had cut its growth forecast for 2012 to 0.6%, from 0.9%
estimated in February, after official figures revealed the economy fell
back into recession in the first three months of the year. A slide in
construction output and a weak services sector were blamed for the
surprise 0.2% dip in gross domestic product (GDP) between January and
March, which, after a fall of 0.3% the previous quarter, caused the UK's
first double-dip recession since the 1970s... read more
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