Recession almost over, according to CEBR

Centre for Economics and Business Research predicts "saxophone-shaped" growth

The recession will be officially announced as over on 26 January when the Office for National Statistics releases its fourth quarter gross domestic product estimate, according to the Centre for Economics and Business Research (CEBR).

The company said that the end of de-stocking and expenditure brought forward ahead of the VAT cut reversal prompted a mini-bounce in economic activity.

It said forecasts also show the economy returning to year on year growth in the first quarter of 2010 and 1.8% in

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