Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Cbi Ups Growth Forecasts But Warns Over Economic Recovery

Recommended Posts

http://www.independent.co.uk/news/business/news/cbi-ups-growth-forecasts-but-warns-over-economic-recovery-8773552.html

The UK economy's gathering momentum saw the CBI today raise its growth forecasts for 2013 and 2014, but the business group warned that Britain is still falling short of a "sustainable recovery".

The employers' body is forecasting growth of 1.2 per cent this year – above its May forecasts of 1 per cent – and a stronger 2.3 per cent advance in 2014, after a better-than-expected second quarter and a broad-based rise in confidence across services, construction and manufacturing sectors.

But efforts to rebalance the economy towards exports and investment are still struggling to get out of the starting blocks, according to the CBI's director-general John Cridland, who said trade was making a limited contribution to the recovery.

Mr Cridland added: "The economy has started to gain momentum, and confidence is picking up, but it's still early days. We need to see a full-blown rebalancing of our economy, with stronger business investment and trade, before we can call a sustainable recovery. We hope that will begin to emerge next year, as the eurozone starts growing again.

Luckily the main balancing force of house prices is picking up so recovery guaranteed... :ph34r:

Share this post


Link to post
Share on other sites

The phrase, Britain is not heading for a sustainable recovery, implies that whatever growth is coming ( predicted) is soley based on the government mounting the bike and kickstarting like mad.

ie, there is no recovery, we are mortgaging our future wealth production to maintain the stupid stupid GDP figure in positive land.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   225 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.