City AM – UK economy is on the road to recovery 

The lead for the London business newspaper CITY AM, reports that the UK economy is set to take its first steps out of recession this week with GDP figures for January expected to show a return to growth.

City economists think the UK economy will grow 0.2 per cent, driven largely by a strong performance from the all-important services sector.

This would put the UK on the road to recovery after it fell into a shallow recession in the second half of last year as the economy battled the impact of stubborn inflation and high interest rates.