BMI View: The UK economy is recovering, but with fiscal cuts looming and unemployment stubbornly high, the rate of growth will be fairly tepid. Although we expect positive full-year real GDP growth of 1.1% in 2013, we warn that the recovery is likely to be both fragile and patchy, with considerable headwinds in the form of severe demand destruction in the periphery of the eurozone, which could clobber UK trade and investment. Headline Industry Data (local currency) ? 2013 per capita food consumption growth = +1.3%; five-year forecast to 2017 = +14.7%. ? 2013 alcoholic drinks value sales growth = …
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