Monday, June 15, 2009

It’s going to be slightly less bad than grim

Downturn to be less severe than feared, says CBI

The recession will be shorter and less severe than previously expected, according to the CBI, which now predicts that 200,000 fewer jobs will be lost. Britain’s leading business organisation has revised its forecasts for the economy, showing output growing from January next year and unemployment peaking at 3.03 million. SO THAT'S NICE THEN!

Posted by tim miller @ 12:41 PM (629 views)
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