Quantcast
Viewing all articles
Browse latest Browse all 8295

CBI forecasts slowing growth for UK economy

Group says uncertainty over Scotland and Ukraine will hurt growth as recent improved confidence and better credit wears off

Economic growth will slow in the second half of the year as the effect of improved confidence and better credit conditions starts to wear off, the CBI has predicted.

The business group said the recovery was "on solid ground" but expected expansion to ease to 0.7% in the third quarter and 0.6% in the final three months of the year, after growth of 0.8% in each of the first and second quarters.

Continue reading...

Viewing all articles
Browse latest Browse all 8295

Trending Articles