Archive: Growth Forecast
Britain's economy got the mildest of pats on the back today, when an influential business group was optimistic enough to declare that firms are performing "not great, but OK".
Opinion Former Articles
Responding to the speeches tonight at Mansion House, Otto Thoresen, Director General, ABI, said:
CPA: Construction Needed to Stimulate Economic Growth, Says Construction Products Association Chairman
Addressing an audience of more than 80 Parliamentarians and 150 construction industry leaders, civil servants and journalists at the House of Commons, Bill Bolsover, the Chairman of the Construction Products Association, identified the construction industry as a key driver of economic growth and suggested ways in which government should kick start the recovery.
The International Monetary Fund (IMF) has sharply increased its growth forecast for the UK economy. Read more.
Construction activity is unlikely to return to growth until 2014, sparking the worst decline for 30 years, according to the latest Construction Industry Forecasts, which were published today by the Construction Products Association. Since the start of the economic downturn in 2007 more than £32bn of construction activity has been lost.
Ernst & Young has lowered its UK growth forecast for the second time this year due to growing "uncertainty" over the Eurozone crisis.