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CBI Publishes its predictions for economy in 2010
vivatifosi
Posts: 18,746 Forumite
Key points:
More job losses to come - unemployment will peak at 2.8m next Autumn.
Pay freezes should be expected by workers.
Outlook brightening but no clear driver for growth.
Growth will be sluggish.
BoE rate to reach 2% by end of year.
Credit conditions will remain difficult.
Net borrowing will continue to rise, in contradiction to official forecasts.
See:
http://www.google.com/hostednews/ukpress/article/ALeqM5j5PK4LELUSvtNIY5y0grv2jhDXRg
More job losses to come - unemployment will peak at 2.8m next Autumn.
Pay freezes should be expected by workers.
Outlook brightening but no clear driver for growth.
Growth will be sluggish.
BoE rate to reach 2% by end of year.
Credit conditions will remain difficult.
Net borrowing will continue to rise, in contradiction to official forecasts.
See:
http://www.google.com/hostednews/ukpress/article/ALeqM5j5PK4LELUSvtNIY5y0grv2jhDXRg
Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Comments
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And they're supposed to be the 'positive' one's :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0
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Sounds like the predictions for 2009 to me - did they just do a copy and paste?0
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Interesting that they see interest rates at 2% by the end of 2010.
A lot of other forecasters are predicting this won't happen for quite some time.0 -
There's lots of ifs and buts with UK interest rates - I think there's several scenarios which will all result in varying timescales for rate rises.
Too difficult to tell for me, but fair play to them for sticking their flag in the sand.0 -
2% interest rates by the end of 2010 won't be a surprise and are still low rates
8% interest rates by the end of 2010 won't happen0 -
There's lots of ifs and buts with UK interest rates - I think there's several scenarios which will all result in varying timescales for rate rises.
Too difficult to tell for me, but fair play to them for sticking their flag in the sand.
Don't forget we'll have a new govt later this year.
That will have a big impact - the current stalemate will end as soon as we have an election - whoever gets in.0 -
Don't forget we'll have a new govt later this year.
That will have a big impact - the current stalemate will end as soon as we have an election - whoever gets in.
I Don't have you down as a conspiracy theorist Carol, why would a change of government change the way BOE sets it's base rate?0 -
why would a change of government change the way BOE sets it's base rate?
Forumon.....(you know the rest
) 'In nature, there are neither rewards nor punishments - there are Consequences.'0
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