The British economy could stabilize, but according to the report the Confederation of British Industry CBI, signs of stabilization will not appear until the next goda.Konfederatsiya said that the worst of quarterly GDP falling behind, but a return to growth will occur in a few months. CBI predicts the beginning of a small growth in the first 3 months of 2010. Richard Lambert, Director General of the CBI said: "The global recession deepened, so it is not surprising that the British economy continued to fall. But the most difficult period of recession behind us hope, the economy is stabilizing, and this should continue during the second half of this year." Return to growth is likely to be slow and gradual; tight credit conditions still affect business behavior. For positive growth, the creditors should feel more confident. "Time will pass before we can confirm that there are those green sprouts roots from which we can depend for sustainable growth and, in the meantime, the Government must do everything to facilitate the companies to obtain credit." CBI believes that "a very modest increase "in interest rates is likely in the coming months. Unemployment is still expected to continue to grow until mid-2010 to 3.03 million - almost 10 per cent of the working population - before moving lower in the second half of 2010.
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