British Chambers of Commerce (BCC) has been keeping an eye over the recovery of the economy of the UK. Recently, BCC said that the economy of the UK is experiencing a sluggish growth. It informed that in the last quarter of 2011, improvement in the business activities was observed.
The improvement in the business activities is still being experienced in the UK. However, the recovery is believed to be sluggish in nature, according to the BCC. BCC’s latest Quarterly Economic Survey has highlighted that the domestic and export activity in the past few months have improved.
But if, one compares the historic economy of the UK then one will find that the recovery and improvements are not adequate. The Chief Executive of BCC, David Kern, was reported as saying, “… growth is likely to remain low for some time, and a return to a more normal pace is unlikely until 2013”.
The BCC has further warned that in the coming time, the economy of the UK might have to experience further plunges as the economy of Europe is still grappling with financial crunch. The market analysts are hoping that in the coming time, the economy of the UK would improve.
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