Country’s biggest business group warns that ‘gloomier’ global outlook will hit UK economy next year

The country’s biggest business group has warned that a “gloomier” global outlook will hit economic growth in the UK next year.

The CBI has announced a “modest” downgrade in its forecast for this year, saying it expects the economy to grow by 2.4%, compared to an earlier prediction of 2.6%, and by 2.6% next year, down from 2.8%.

The group also unveiled its first forecast for 2017, saying it expected solid growth at 2.4%, with a gradual rise in inflation easing household spending. For the full article click here 

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