Even anemic growth would be a pleasant change from recent declines. Whether the growth will continue is another story.
Britain is likely to move out of recession and post growth of 0.5 percent this quarter, a business survey by the Institute of Chartered Accountants in England and Wales (ICAEW) showed on Sunday. Posting its biggest-ever rise, ICAEW's Business Confidence Monitor (BCM) has moved to positive territory for the first time in two years. "This quarter's BCM suggests that the UK recession is at an end," said Michael Izza, chief executive of the ICAEW, predicting half a percent of growth in gross domestic product (GDP) after five quarters of declining output.
