Monday, June 16, 2008
Limbo Time – How low can you go.
UK economic growth will slow to its lowest level since 1992 next year, employers' group the CBI has warned. In March, the CBI lowered expected GDP growth for 2009 from 2.1% to 1.7%. It has revised the number downwards once more, now putting expectations at 1.3%, as households tighten belts due to higher food and fuel prices.