AM Online

Positive CBI predicts rapid return to growth for UK


The UK economy will return to growth in the second half of 2012, with faster growth expected next year, the Confederation of British Industry has said.

But the CBI cut its growth forecast for the whole of 2012 from 0.9% to 0.6%, reports the BBC.

The CBI said optimism among businesses had picked up since January, and demand for manufacturing was holding up, which was beginning to translate into more jobs and investment.

It now expects flat growth in the second quarter of 2012, dampened by the impact of the additional bank holiday for the Queen's Diamond Jubilee.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Comment as guest

Login  /  Register


No comments have been made yet.