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The Confederation of British Industry has called for the government to take seven actions this summer to prevent a full-blown recession.
The UK’s biggest business group forecasts stagnant growth as consumer confidence decreases and inflation continues to sky-rocket. It has reduced its GDP growth outlook for 2022 to 3.7 per cent – down from 5.1 per cent. The growth outlook for 2023 has dropped to 1 per cent, down from 3 per cent previously.
Read more at smallbusiness.co.uk