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Wednesday, February 13, 2013

CBI: UK to avoid triple-dip recession

CBI: UK to avoid triple-dip recession

The group believes that the UK economy will grow 0.3% in the first quarter of the year.
That comes after the economy shrunk in the last quarter - the first period in what some feared might be another six months of negative growth.
But the CBI now expects the UK to grow 1% in 2013 - less than the 1.4% it previously expected.

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