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Recovery is coming

Business services, followed by engineering, are likely to lead Britain out of recession when the recovery comes, according to forecasts by PwC.

This comes from optimistic signs among businesses and consumers that the decline in economic output will shortly slow down.

Post and telecommunications will be close behind the other businesses leading the way, PwC suggests, while financial services, utilities and construction will also perform at a high level towards helping the economy. Oil, gas and mining are likely to be laggards and metal products, textiles and food manufacturing may be the last to benefit from an upturn.

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May 01st 2009

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