UK economy to shrink in 2023, risks 'lost decade' – CBI UnitedKingdom GDP EconomicIndicator GBPUSD
“Britain is in stagflation - with rocketing inflation, negative growth, falling productivity and business investment. Firms see potential growth opportunities but ... headwinds are causing them to pause investing in 2023.”
“Britain's economy is on course to shrink 0.4% next year, marking a sharp downgrade from its last forecast in June, when it predicted growth of 1.0% for 2023.”“The CBI forecast business investment at the end of 2024 will be 9% below its pre-pandemic level, and output per worker 2% lower.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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