UK growth expected to slow down more than expected

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Source: Bloomberg
© Scanpix/AP

British Industry Confederation claims UK's recovery will hesitate in 4th quarter and reach only a half the velocity previously predicted as Euro zone debt turmoil together with domestic inflation hurts investment outlook and UK export.  According to business lobby in London, the economy will grow 0.9% in 2011 and 1.2% next year compared with former forecasts of 1.3% and 2.2%.

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Wed, 09 Nov 2011 12:04:12 GMT

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