CBI confirms sluggish growth rate and declining confidence

Posted on 1 Aug 2011 by The Manufacturer

The CBI warns that the UK is likely to experience slow growth in 2011-2012 but says neither firms nor employees should be overly-pessimistic

CBI director-general John Cridland and chief economic advisor Ian McCafferty spoke to journalists at a press conference on Friday last week, giving a detailed economic forecast and explaining the CBI’s opinion on how best to move the economy forwards to pre-recession growth. Despite the Japanese tsunami’s global impact on automotive supply chains, the spiralling US…

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