Long-term growth forecasts upgraded

A leading business group has upgraded its long-term growth forecasts for the first time since before the recession in a further sign of cautious optimism over Britain's economic recovery.

The British Chambers of Commerce (BCC) said it expects output to increase by 0.9% this year, up from a previous prediction for growth of 0.6% after better-than-expected progress at the start of the year and a strong recovery in the services sector.
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