The UK economy might recover by the end of 2012

ITEM Club from Ernst & Young, British leading forecasters, considered the UK may exit the recession period by the end of the year. The growth will be achieved by falling inflation and an increase in consumer spending. Peter Spencer, chief economic adviser at ITEM, expect disposable income to climb by 1.5% during last quarter of 2012. Though, during the first quarter of 2013 household income might increase by 2.5%. Moreover inflation is expected to decline by 1.7% during the last three months of 2012.