The UK economy will grow at a sluggish 1.8% in 2011, far behind the expected levels in a normal recovery, with manufacturing a key driver, says CBI’s economic forecast.
Wage settlements, consumer confidence and household purchasing power will be under pressure as the UK economy lurches its way deeper into recovery territory rather than cantering briskly to the winning line. But business investment and exports will grow as confidence in new order levels return, says the CBI’s quarterly forecast. Economic growth for 2011 is…
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