; Growth to Be Substantially Lower Than First Expected

Western MailAugust 01, 2011

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Summary


A LEADING business organisation has slashed its forecast for economic growth this year.

According to the latest economic forecast from the CBI issued today, the UK economy is likely to grow by just 1.3% this year.

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; Growth to Be Substantially Lower Than First Expected

That is substantially lower than the CBI's previous growth estimate of 1.7%, which was in line with the official forecast from the Office for Budget Responsibility.

However, the CBI has mainta...

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