5 November 2001, 10:10 UK Economy 'to avoid recession'; OPEC to discuss cutting
BIRMINGHAM, England (FWN) - The Confederation of British Industry said it
remains firm in its belief that the UK economy will avoid recession, even as
the global market downturn deepens after the Sept 11 atrocities in the US.
In a speech at the opening of the group's annual conference here, CBI
president Iain Vallance told over 700 delegates that the UK "looks to be
encouragingly resilient" even as consumer confidence has started to show signs
of easing after the terror attacks in New York and Washington.
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