Monday, June 16, 2008
CBI says growth will be slow (but not negative, never!)
"Rising commodity costs and weaker consumer demand will combine to push down next year’s GDP growth to the lowest rate since 1992, according to the CBI’s latest UK economic forecast. The UK’s biggest employers’ group said today (Monday) that it has lowered its forecast for GDP growth in 2009, by 0.4% to 1.3%. The forecast for growth in 2008 is essentially unchanged, at 1.7%, down only 0.1% on March's forecast."