The British Chambers of Commerce (BCC) has claimed that the national economy has responded quite strongly to the ongoing problems in the eurozone.
Speaking on a BBC Money Box podcast, BCC director-general John Longworth noted that his organisation had predicted minimal growth for the first half of 2012, which would pick up in the latter half of the year.
However, now the BCC is forecasting minimal growth throughout the year, with a slightly stronger recovery for 2013.
Mr Longworth recently called for stronger domestic deregulation in order to improve the national outlook and warned that the lack of confidence in the economy is hindering growth.
The expert explained why the BCC's expectations have been revised: "It's a sort of darkest before the dawn scenario, where this year is going to be a little gloomy."
He added that there will be much stronger developments in 2013, provided "nothing untoward happens in Europe".