CBI quarterly economic forecast

CBI quarterly economic forecast

  • UK growth will be flat this year, and should show a modest pick-up throughout 2013. GDP growth will be 0% in 2012, slightly above the previous forecast (-0.3%), reflecting the better-than-expected quarterly rate of growth in the third quarter (+1.0%)
  • 2013 growth of up to +1.4%, marginally up from +1.2% in August
  • A slight improvement in pace should be seen in 2014, but external risks to the outlook are likely to continue. GDP growth of up to 2.0% in 2014
  • Inflation is now likely to be somewhat higher than previously forecast through 2013


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