7 Apr 2015
UK economy to grow stronger in H1 2015: CBI survey
FXStreet (Mumbai) - Stronger growth in the UK consumer services and retail sector indicate the economy managed to remain steady in the first quarter of this year and is expected to grow stronger moving further into the year, the Confederation of British Industries (CBI) latest growth survey suggests.
Katja Hall, CBI Deputy Director General, noted, "The outlook for 2015 looks encouraging. Our surveys show it’s been a solid start to the year with the prospect of stronger growth to come. The benefits of lower oil prices should be increasingly felt; with cheaper petrol boosting households’ incomes and spending power, and cutting costs for many businesses,"
"The main risk to the UK economy comes from the Eurozone, with continuing wrangling over Greece’s bailout package stoking uncertainty. Plus, many businesses will also have to contend with a stronger pound weighing down on already weak export growth."
Katja Hall, CBI Deputy Director General, noted, "The outlook for 2015 looks encouraging. Our surveys show it’s been a solid start to the year with the prospect of stronger growth to come. The benefits of lower oil prices should be increasingly felt; with cheaper petrol boosting households’ incomes and spending power, and cutting costs for many businesses,"
"The main risk to the UK economy comes from the Eurozone, with continuing wrangling over Greece’s bailout package stoking uncertainty. Plus, many businesses will also have to contend with a stronger pound weighing down on already weak export growth."