CBI says UK will avoid double dip recession

[Chippiewill]

Britain will avoid a double dip recession and modest growth should restart later this year, according to business lobby group the CBI.

In its latest economic forecast, the employers' organisation expects growth of 0.9% in 2012 and 2% next year.

It also says companies are starting to invest in new equipment and in finding new export markets.

Consumers and households face a subdued outlook due to high unemployment and squeezed living standards, it adds.

The CBI thinks the UK will avoid an official recession - two quarters of declines in a row - by bouncing back from its 0.2% fall in the last three months of 2011 to growth of 0.2% in the first quarter of 2012.

It predicts another 0.2% rise in the second quarter of this year before speeding up a little later in 2012.
http://www.bbc.co.uk/news/uk-17008208

Probably the closest we've gotten to a bit of good news in the past year, we likely would not be in such a bad position if Cameron had been cutting where cuts made sense and not in the places where they did not, but we would be in an even better position if we could spend those billions which go to the EU on our own economy instead (And also relax the restrictions imposed by the bureaucrats Brussels).

Still, the future is bright, the future is purple (And yellow, and a logo with '£' on it)

[Ajthedragon]

The problem we have in this country right now is low consumer confidence evoked by the European debt crisis, which the government has failed to counter. Hopefully increased volumes of positive reports such as these will regain consumer confidence and get people spending again, thus increasing economic growth and creating the new jobs we desperately need.

On the subject of UKIP: The least they could do is have good colours if they'resupposedlygoing to become the mainstream conservative (small c) party. ;) That said the Conservative Party has a badly drawn tree...

[-:Undertaker:-]

I'm so sick of governments blaming everything on something else or other whether its foreign countries or bust corporations here (which our politicians decide to chuck money into), no, the reason why we have a dire economic outlook and situation is because we have taxes that are too high, ridiculous regulations which strangle business, public spending still soaring, a bloated public sector and a lobbying system which allows big corporations to have special favours or bailouts from the government (ie, the bank bailouts) and last of all a fiat currency which is the biggest tax of all and the reason why we keep having recessions.

Until we return to a gold standard, drastically slash the state back and do away with both the EU and Whitehall along with their regulations, then its going to get worse and worse and worse.


CBI says

The CBI? ah yes, that magnificent body that campaigned for us to join the Euro. (http://www.telegraph.co.uk/news/uknews/1347701/CBI-tells-Blair-to-get-off-the-fence-and-back-euro.html)