The Institute of Directors' chief economist Graeme Leach said: ............
"However, strong headwinds remain and the annual growth rate year on year is nothing to get too excited about yet. Though inflationary pressures are likely to remain benign, debt and inflation are rising faster than earnings.
'More to be done'
"By far the biggest challenges remain on the supply side, not the demand side. Supply side constraints mean that the current growth spurt is unlikely to extend beyond next year.
"This stage of our economic recovery is likely to be short and sweet, instead of long and strong."