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2012 'will see moderate jobs growth'

2012 'will see moderate jobs growth'

Candidates hoping to find work in London may find 2012 offers them more opportunities, with more robust growth predicted than for this year.

According to the Confederation of British Industry (CBI), the remainder of 2011 will see lacklustre expansion but the economy should gather more strength in the following 12 months.

The body expects growth of 1.3 per cent this year and 2.2 per cent in 2012, with John Cridland, CBI director-general, stating that global factors such as the Japanese tsunami and rising commodity prices have weighed on the UK economy.

"These factors have combined with political uncertainties around the eurozone sovereign debt crisis, the wrangling in congress over the US debt ceiling and the policy tightening in China, to erode confidence and soften activity," he added.

Iain Smith, spokesperson at the London Chamber of Commerce, said the capital is the centre of the business world, those hoping to find work in London may be interested to hear.

Posted by Caroline Fox

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