UK economy to stay in doldrums
Low growth
The UK economy will remain stuck in the doldrums this year with growth of 1% or less predicted in 2010, a leading forecaster has warned. The Ernst & Young ITEM Club, which uses the Treasury's economic model for its forecasts, said the immediate prospects for the UK were "dismal".
An export-led recovery was unlikely to emerge until 2011 and consumer spending was too weak for a recovery, it said It comes in a key week for economic news as the election battle gains pace.
Public finance figures on Thursday will confirm how much the government borrowed in the financial year that has just ended. And on Friday first quarter figures for overall economic output will be published. Read more...
Categories: uk Recession Tags: dismal, finance figures, low growth, uk economy