Business group the CBI and leading consultants KPMG both said the UK should avoid a slump in 2023 with the economy performing far better than expected in the first half of the year and picking up pace in the summer and autumn as inflation finally starts to ebb.
The CBI said it was now anticipating growth of 0.4 per cent this year and 1.8 per cent in 2024. It had previously pencilled in a contraction of 0.4 per cent in 2023 followed by growth of 1.6 per cent next year. A recession is usually defined by economists as two consecutive quarters of negative growth.
Diese Geschichte stammt aus der June 12, 2023-Ausgabe von Evening Standard.
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Diese Geschichte stammt aus der June 12, 2023-Ausgabe von Evening Standard.
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