Economy forecast to grow 0.8%
Friday 28 May 1999
The CBI said the economy would grow by 0.8 per cent this year, accelerating to 2.1 per cent in 2000 - an upward revision of 0.3 per cent. It also predicted interest rates would fall by 0.5 per cent to 4.75 per cent.
Kate Barker, CBI chief economic adviser, said sterling was forecast to fall to 72 pence to the euro by the end of 2000. "As the UK recovery remains fragile, an early 0.25 point cut in interest rates would be fully justified," she said. A separate CBI survey showed 31 per cent of firms expected output to increase over the next four months while 16 per cent forecast a fall, leaving a balance of 15 per cent.
- 1 Stephen Fry explains what he would say if he was 'confronted by God'
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 4 Ball pool for adults opens in London
Stephen Fry explains what he would say if he was 'confronted by God'
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
Hard line on immigration could cost Tories the election
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...