The Centre for Economic and Business Research left its expectations for the British economy unchanged at 1.2% expansion in 2010 while it raised its forecast for 2011 to 1.3% from 0.8% and to 1.4% from 1.1% in 2012 as it predicts the economy to take advantage of the rebound in global demand and depreciation of the pound versus major currencies. The change in expectations is based on estimations that the U.S. will lead global recovery and Conservatives will win in the May 6 elections. However, some analysts expect the economy to have sluggish growth in the coming two years cause of the high budget deficit.