Economic recovery likely to be delayed, says study
Economic recovery will slow in the second half of the year, according to the latest business confidence monitor from the ICAEW and Grant Thornton.
The index fell to 21.5 during the third quarter, which the report's authors take as the three months to July, from 25.5 in the previous quarter. Although turnover and profit growth returned to positive territory in the April to July quarter for the first time since the start of 2009, expectations for growth over the next year has decreased.
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