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Latest News

CBI more optimistic over growth

by Personnel Today 27 Feb 2004
by Personnel Today 27 Feb 2004

The
CBI has raised its forecast for economic growth this year, predicting that
rising exports, a revival in business investment and strong consumer spending
will drive the recovery.

In
its quarterly economic forecast, the CBI put UK growth at 3 per cent in 2004,
which is an upward revision of 0.2 per cent. However, growth is expected to
slow slightly in 2005.

Export
volumes are expected to grow by 4 per cent in 2004 and 5.3 per cent in 2005.
Following a long period of decline, manufacturing is expected to grow by 3 per
cent in 2004.

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Unemployment
is also expected to fall from the current level of 5 per cent to 4.5 per cent
(134,000 people) by the end of 2005.

By
Roisin Woolnough

CBI
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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