A U.K. think tank sees the British economy contracting 0.1% for 2012 and returning to slowish...

|By:, SA News Editor

A U.K. think tank sees the British economy contracting 0.1% for 2012 and returning to slowish growth in 2013. Both the public and private sectors will continue to deleverage this year, while 2011's bright spot - trade - will drop off thanks to a slowdown on the continent. These guys must not have viewed this morning's services PMI - all is well.