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CBI says recession is over
LONDON (Reuters) - Britain has probably come out of recession but the pace of recovery in 2010 will be slow, with tight credit and weak domestic demand posing obstacles to an upturn, the Confederation of British Industry said Wednesday.
The business group said it expected the economy to have grown by 0.3 percent between July and September, and forecasts an expansion of 0.4 percent for the fourth quarter -- an improvement from its prognosis in June that growth would not return until early next year.
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