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01-13-2010 08:13 PM #1
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UK Economy coming out of recession - BCC
The UK economy is on the "brink of leaving recession", according to the British Chambers of Commerce (BCC).
In its economic survey for the fourth quarter of 2009, the BCC says there have been improvements in many areas, most strikingly in manufacturing.
But it warned that, despite exports in the service sector strengthening, services were still struggling.
Separately, the British Retail Consortium said stores had seen their best December growth for eight years.
Like-for-like sales rose 4.2% by value during the month thanks to a last-minute buying spree by shoppers and a rebound in consumer confidence, the retail group said.
Source: bbc
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