CBI predicts 'modest growth' from 2010

The CBI predicts "modest growth" will resume during the first three months of 2010, with the pace of growth gradually picking up over the course of the year. It forecasts the economy will see a return to growth of 0.7% next year, after contracting by almost 4% over 2009. "The harshest period of the recession looks to be behind us, the economy is stabilising and this should continue during the second half of this year," says CBI director-general, Richard Lambert. "The return to growth is likely to be a slow and gradual one; difficult credit conditions are still affecting business behav...