The UK economy may be stabilising, but according to industry body the CBI it will not show real signs of recovery until next year. The organisation said the worst of the quarterly falls in GDP were out of the way, but a return to growth was still some months off. The CBI said it expected “modest growth” to resume during the first three months of 2010, with the pace of growth gradually picking up during next year. The CBI believed that “very modest increases” in interest rates were likely in the coming months, up from current levels of 0.5 per cent. Unemployment was still expected to continue to rise until the mid-point of 2010 to a peak of 3.03 million – nearly 10 per cent of the working population – before edging lower during the remainder of 2010.