economy
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Construction output is forecast to fall by more than 5% next year and remain flat throughout 2013 according to the latest forecasts, published today by the Construction Products Association. It will be 2014 before the industry is expected to see any significant signs of recovery, by which time output will be 12% lower than at its peak in 2007.
There was a minor but unexpected bit of good news this morning, as UK economic growth was revised up to 0.6%.
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