Economic warning
Published Date:
27 March 2008
By John Ritchie
EMPLOYERS' organisation the CBI is warning of slower economic growth as households tighten their belts due to higher food and fuel prices.
In its latest quarterly outlook, the CBI says the UK economy will grow at a slower than predicted rate of 1.8 per cent this year and by 1.7 per cent in 2009.
This is gloomier than the chancellor’s recent forecast of between 1.75 per cent and 2.25 per cent growth in 2008.
The full article contains 81 words and appears in Scarborough Evening News newspaper.
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Last Updated:
26 March 2008 10:20 AM
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Source:
Scarborough Evening News
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Location:
Scarborough
