The UK economy is expected to continue to grow – but at a slower rate – through 2016 and 2017, and there are signs that global economic risks are starting to weigh on investment plans, according to the latest CBI economic forecast.
The leading business group’s latest quarterly forecast predicts that the UK will see 2.0% GDP growth in 2016 and 2017, both of which are downgrades from the CBI’s last forecast in February (2016 – 2.3%; 2017 – 2.1%). Carolyn Fairbairn, director general, CBI. Growth is again expected to be driven by…
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