Article Preview: The British economy is still in a volatile position, with Brexit yet to be concluded and new political uncertainty due to a Tory leadership election. Despite this economic uncertainty, an influential business group is predicting that the economy will grow at a modest pace in the future. Growth during the first half of the year was especially volatile. Manufacturers were stockpiling ahead of the earlier, now delayed, Brexit deadline. A surge in gold bullion pushed up imports growth too. Despite this first half volatility, the CBI is forecasting GDP growth of 1.4% in 2019 and then 1.5% next year.
Modest economic growth forecast if Brexit deal ratified
This 929 word blog discusses, that, despite current economic uncertainty, an influential business group is predicting that the economy will grow at a modest pace in the future. Written on 9th July 2019.
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