Business leaders more positive about economy

According to an Institute of Directors poll, the proportion of business leaders who expect 2013 to improve on the previous year exceeds those with a pessimistic outlook by more than a third - a direct reversal from the start of last year.

The numbers foreseeing a high risk of a triple dip recession has fallen from approximately one in three to one in six.

Views on the probability of a return to recession has fallen too.