The economic forecasts are projections of macroeconomic activity in the medium term. Forecasts are generated through a model supplied by Oxford Economics and scrutinised by the CBI team of economists, taking into account other macroeconomic intelligence.
A firmer rise in household spending, accompanied by robust investment growth, will help to fuel faster ‘twin engined’ growth in the UK economy, according to the latest CBI economic forecast.
The British economy is on a firm footing, having grown faster than previously thought in 2014 and with solid, steady and sustainable growth predicted into 2016. That’s according to the CBI’s latest economic forecast.