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Triple-dip will be avoided - CBI

Wednesday 13 February 2013 6:00

The UK economy will steer clear of a triple-dip recession, the CBI has forecast.

The business lobby group predicts that the UK economy will grow 0.3% in the first quarter of the year and 1% in the full year - less than the 1.4% it previously expected.

"We are beginning to see the return of organic growth, with clear signs that firms offering the right products into the right markets are growing sales and expanding," said CBI director-general John Cridland.

"Recent business surveys also give grounds for cautious optimism about our forward prospects."