High Street
CBI downgrades growth forecast to -0.4% amid ‘lacklustre outlook’
It said reasoning behind the latest change is that the economy is likely to have fallen into a recession in Q3 2022, and is expected to last until the end of 2023
CBI has downgraded its GDP growth outlook significantly, to -0.4% in 2023 (from 1.0% in its last forecast), after a “turbulent year both politically and economically”.
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