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Earlier the British Chambers of Commerce had predicted a 2.2% GDP growth in 2011, now the numbers have been revised and the expected GDP growth has been placed at 1.9% for 2011 and 2.1% for the following year. However, according to Capital Economics the growth rate may be slower. It predicts a 1% rate of growth in 2011 and 1.5% in 2012. Experts say that the country will take a while to fully recover from the affect of the recession. The recent government cuts and austerity measures have been a cause for concern and slowed down economic recovery.
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