can britain recover its economic competitiveness i.docVIP

can britain recover its economic competitiveness in the world?可以恢复英国在世界经济竞争力？ UK to recover slowly from 2010 The CBI said the labour market had been more flexible than hoped The UK economy is stabilising but it will not be until early next year that a slow and gradual recovery will begin, business leaders have said. The economy will contract by 3.9% over 2009 before seeing a return to growth of 0.7% next year, the CBI predicted. The harshest period of the recession looks to be behind us, said CBI director general Richard Lambert. But he warned people against getting carried away by talk of green shoots in the economy. In the Budget, the chancellor forecast the economy would shrink by 3.5% this year before expanding by 1.25% in 2010. Of the CBIs less optimistic forecast, Mr Lambert said: The return to growth is likely to be a slow and gradual one; difficult credit conditions are still affecting business behaviour. For positive growth to return, lenders need to feel more confident so that credit can start flowing again. Some commentators have been carried away by recent tentative indicators as evidence of green shoots Richard Lambert, CBI director general Last week, the National Institute of Economic and Social Research (NIESR) estimated that the UK economy resumed growth in April and May. Martin Weale, director of NIESR, said that he expected the next set of official GDP figures to show either that the recession is over or that it is close to over. But Mr Lambert said he believed it was too soon to be calling the end of the recession. Some commentators have been carried away by recent tentative indicators as evidence of green shoots, he said. It will take some time before we can be sure these shoots have roots we can depend on for sustainable growth. Restraint The CBI expects GDP to fall by 0.1% in the third quarter of 2009 and to be flat in the final three months of the year. Modest growth, it says, will resume in 2010, with the economy expanding by 0.1