UK to avoid triple-dip recession

The CBI expects the UK economy will grow 0.3% in the first quarter of the 2013.

Prior to this  the economy shrunk in the last quarter of 2012 - the first of what many feared might be another six months of negative growth.

But the organisation now expects the UK economy to grow by 1% in 2013 - less than the 1.4% it previously expected.

CBI director-general John Cridland told the BBC  he was a bit more optimistic than he was a month ago.