8 May 2012

CBI predicts economic uplift

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

May 12

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