Thursday, 22 April 2010

UK to have sluggish growth in 2010


The UK economy will remain stuck in the doldrums this year with growth of 1% or less predicted in 2010, a leading forecaster has warned.
The Ernst & Young ITEM Club, which uses the Treasury's economic model for its forecasts, said the immediate prospects for the UK were "dismal".
An export-led recovery was unlikely to emerge until 2011 and consumer spending was too weak for a recovery, it said.

http://news.bbc.co.uk/1/hi/business/8628859.stm