
March 2009
The latest CBI forecast predicts things are going to get worse for the economy before they get better.
According to the CBI press release:
“...it will take until the second half of next year before the impact of interest rate cuts, falling inflation, the relative weakness of sterling, plus the fiscal boost, start to have a stabilising effect.
The rapidly deteriorating global economy and the continued difficulties UK businesses are facing in accessing credit will push the economy deeper into recession in 2009.”
CBI predictions include:
To read more about the CBI’s predictions visit the links below.
Internet links: CBI press release CBI forecast
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