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GoldenOctober2024

2024-12-06 00:46:40

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Gate.io Data December 6th News, the Confederation of British Industry (CBI) downgraded its expectations for economic growth next year, which is more pessimistic than recent other forecasts, due to the impact of the first budget measures of the new government. CBI stated that the current forecast for economic growth in 2025 is 1.6%, lower than the 1.9% forecast in June. The outlook for this year’s growth has been revised down from 1.0% forecast in June to 0.9%. The measures in the autumn budget will increase business costs, and at this time, business profit margins are already under pressure. Louise Hellem, Chief Economist at CBI, said, ‘Many businesses have told us that these measures are likely to push up prices and affect their future recruitment and investment plans.’

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