“He said: "The eurozone's upturn is expected to gradually become more firmly established in 2011, when GDP growth is forecast at 1.5%, helped by a stabilisation and then gradual improvement in labour …”
“The CBI survey reinforces our long-held concern that the upside for consumer spending, and hence growth, will be limited for some time to come as households still face very challenging conditions.”
“May's retreat in CPI will be of some relief to the Bank of England and boosts its case that inflation will head down significantly over the coming months.”
“It reinforces our belief that the Bank of England is more likely than not to keep interest rates down at 0.50% into 2011 as recovery remains bumpy and gradual with major fiscal tightening and the Eur…”
