Economic forecasters predicting export boom in 2014

The ITEM Club forecast, backed by leading accountant EY (formerly Ernst & Young) will today issue its summer report, which will argue the economic recovery is real and solid and that exports could jump by almost 5% in 2014, according to the Mail on Sunday. The Club, which is independent, but bases its forecasts on the Treasury's own economic model, will predict the economy will grow 1.1% this year rising to 2.2% in 2014. Peter Spencer, chief economic adviser to the Club, said: "It is looking much more positive and we are unlikely to see a repeat of 2011 when confidence was crushed by ...