Though the loose ends of the debt crisis and economic turmoil throughout Europe have yet to be tied up, some experts believe that the negative take on the situation is the leading cause of slow growth.
“This month’s acceleration in confidence about U.K. economic prospects supports our view that concern about the euro-zone debt crisis was a major contributor to the sharp decline in sentiment during the latter months of 2011,” said Trevor Williams of Lloyds Bank Wholesale Banking and Markets.
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