The Confederation of British Industry says the UK will achieve a return to growth of 0.5 percent in Q4 but further job losses and wide scale pay freezes should be expected next year as a slow recovery pans out.
The business organisation says that although the conditions will improve steadily over the next two years, UK GDP will still not have reached pre-recession levels by the end of 2011. We can expect growth of 1.2 per cent in 2010 followed by 2.5 per cent in 2011, if the CBI estimations are correct. “The economy…
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