cbi forecast: But this is based on the assumption that the UK leaves the EU by the end of January 2020 and has clear line of sight to an ambitious trade deal, involving alignment with EU rules, said the report, according to The Independent. Download the new Indpendent Premium app Sharing the full story, not just the headlines Download now The main risk to the outlook remains continued Brexit uncertainty, particularly the threat of a no-deal, while a further escalation in US-China trade tensions would deliver further hits to world growth and trade, with knock-on impact on the UK economy, said the CBI. Chief economist Rain Newton-Smith said Business continues to show remarkable resilience after more than three years of crippling uncertainty. The CBI forecast that economic growth over the next two years will remain modest at 1.3 per cent in 2019 and 1.2 per cent in 2020, picking up to 1.8 per cent in 2021. Created with Sketch. Created with Sketch. Business news In pictures Show all 11 Created with Sketch.
(news.financializer.com). As
reported in the news.
Tagged under cbi forecast, brexit uncertainty topics.