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CBI - UK Recovery Gathers Steam

14 Jan 2014

The UK economy has gathered momentum over recent quarters, suggesting that the recovery is more firmly in train. While growth over the next few years is expected to be largely driven by domestic demand, the brighter outlook for the global economy provides a more positive backdrop for the UK economy. We expect UK GDP to grow by 1.4% in 2013 and to strengthen to 2.4% in 2014 and 2.6% in 2015 as the drivers growth broaden further, with increasing support from business investment in particular. Nonetheless headwinds to growth persist, including structural challenges faced by the Euro area, downside risks to growth in emerging markets and the eventual unwinding of monetary policy stimulus.

Click here to view the full quarterly outlook document.


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