The UK economy will return to growth in the second half of 2012, with faster growth expected next year, the Confederation of British Industry has said.
But the CBI cut its growth forecast for the whole of 2012 from 0.9% to 0.6%, reports the BBC.
The CBI said optimism among businesses had picked up since January, and demand for manufacturing was holding up, which was beginning to translate into more jobs and investment.
It now expects flat growth in the second quarter of 2012, dampened by the impact of the additional bank holiday for the Queen's Diamond Jubilee.
Login to comment
Comments
No comments have been made yet.