According to a report recently issued by the British Chamber of Commerce, the U.K. economy rebounded modestly over the last quarter, with growth estimated at 0.3% and aided in large part by robust demand overseas. The report cautions, however, that the path to a full and robust recovery is certain to be a difficult one to traverse, with “normal” growth not seen until next year. The Chamber’s forecasts for the remainder of 2012 point to economic growth of only 0.6%, just off the 0.8% forecast by the U.K.’s Office off Budget Responsibility. Read more
Forex