The UK economy is picking up steam, but more needs to be done, says CBI - London Business News | Londonlovesbusiness.com
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from London Business News | Londonlovesbusiness.com7 months ago
The latest CBI economic forecast points to encouraging signs that the UK economy is on track to gradually pick up steam over 2024 and 2025.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/the-uk-economy-is-picking-up-steam-but-more-needs-to-be-done-says-cbi/
Consumer spending is projected to be the main driver of the acceleration in GDP growth, reflecting improvements in households' real incomes.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/the-uk-economy-is-picking-up-steam-but-more-needs-to-be-done-says-cbi/
Business investment is expected to recover in 2025 with a growth rate of 1.8%, following a decline of 0.2% in 2024.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/the-uk-economy-is-picking-up-steam-but-more-needs-to-be-done-says-cbi/
Inflation is projected to decline to the Bank of England's 2% target in the second quarter of 2024, with a slight pick up later in the year.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/the-uk-economy-is-picking-up-steam-but-more-needs-to-be-done-says-cbi/
Read at London Business News | Londonlovesbusiness.com
#uk-economy #gdp-growth #inflation #consumer-spending #business-investment
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