Britain will avoid a recession in 2012, but economic growth will be subdued as uncertainty over the sovereign debt crisis continues to grip Europe, the Confederation of Business Industry (CBI) said Monday
In its latest economic forecast, the lobby group said it expects growth of 0.9% in 2012 and "modest" growth of 2.0% the following year
The organization said the recovery will begin to pick up in the second half of 2012, as inflation falls close to the Bank of England's 2% target level
"Economic conditions will continue to be tough, especially in the first half of the year, and the U.K. recovery will depend on the successful resolution of the euro-zone crisis," said CBI Director-General John Cridland
1 comentario:
Si no exportan a Europa lo van a pasar francamente mal, con una posible devaluación de la libra
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