ICAEW predicts upturn in the economy

The third quarter this year will se economic growth of 0.5%, a report from
the ICAEW is expected to say today.

The institute’s Business Confidence Monitor, which has been tracking the
economy, is expected to reveal that confidence among accountants has become
positive, the first time its done so in two years.

The Independent quotes institute chief executive Michael Izza saying the will
still be tough challenges ahead despite emerging from the recession. He is
reported saying the recovery is ‘very fragile’.

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