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Economic recovery ‘dismal’ in 2010
The UK economy will only grow by a maximum of 1% in 2010, according to a leading financial forecaster.
The Ernst & Young ITEM Club - which uses the Treasury's economic model for its forecasts - has said that the immediate prospects for the UK were "dismal".
Figures released by the government on Thursday will confirm how much the government borrowed in the financial year and quarterly figures for economic output will be announced on Friday.
However, the report highlighted that there are reasons to be optimistic regarding overseas trade with the weak pound ensuring that UK output is extremely competitive.
Post Date: April 19th, 2010
The Ernst & Young ITEM Club - which uses the Treasury's economic model for its forecasts - has said that the immediate prospects for the UK were "dismal".
Figures released by the government on Thursday will confirm how much the government borrowed in the financial year and quarterly figures for economic output will be announced on Friday.
However, the report highlighted that there are reasons to be optimistic regarding overseas trade with the weak pound ensuring that UK output is extremely competitive.
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Post Date: April 19th, 2010




