The UK economy will exceed its pre-recession peak by the summer, according to upgraded forecasts from a leading business lobby group today.
The British Chambers of Commerce now believes the UK will grow by 2.8% this year and that the second quarter will see gross domestic product climb back to the level seen in the first quarter of 2008.
A year ago amid a much gloomier picture for the economy, the BCC predicted the pre-recession peak would not be reached until 2016, although a number of revisions brought this forward to the third quarter of 2014 in December.
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