CBI predict deeper UK recession

CBI predict deeper UK recession

February 14th 2009 6:46 pm

general

The latest CBI forecast predicts things are going to get worse for the economy before they get better. According to the CB ...

By Ray Arman

1,149 views

The latest CBI forecast predicts things are going to get worse for the economy before they get better. According to the CBI press release: “...it will take until the second half of next year until the impact of interest rate cuts, falling inflation, the relative weakness of sterling, plus the fiscal boost, start to have a stabilising effect. The rapidly deteriorating global economy and the continued difficulties UK businesses are facing in accessing credit will push the economy deeper into recession in 2009.” CBI predictions include:
  • the recession will last throughout 2009;
  • the economy is expected to contract by 3.3%;
  • unemployment will reach close to 2.9 million by the end of the year; and
  • the economy is expected to stabilise early next year with the recovery building throughout 2010.
To read more about the CBI’s predictions visit the links below. Source: CBI press release CBI forecast

be smart. find an accountant online now. it's easy!

what type of accounting work do you need help with? choose below.

terms and conditions

privacy and cookie policy

cookie policy

sitemap

are you an accountant? join our network

have a website, blog or app? become an affiliate

find an accountant

east midlands

east of england

london

north east

north west

northern ireland

scotland

south east

south west

wales

west midlands

yorkshire and the humber

Disclaimer

We are a lead generation facility for accountants located across the UK. We provide our visitors with the ability to search for accountants directly or provide details of the work they require and seek out accountants looking for clients with similar circumstances. Users of this website are assured that their personal details are not distributed to more than one accountant and that accountant is then allowed to contact the user to discuss the service the accountant can provide. All data transmission on this website and administration facility is carried out under full 256-bit SSL encryption.

Please read our full disclaimer.