THE CBI anticipates the UK’s economy will continue to grow, despite the growth rate cooling.
Figures from the Office of National Statistics released today, show the economy grew by 0.7 per cent in the third quarter of 2014, compared to 0.9 per cent in Q2.
CBI director-general John Cridland, said: “The economy is still growing steadily, with businesses creating jobs and investment progressing.
“These figures show that growth was predominantly driven by a robust services sector.
“However, we know that times are getting tougher for our industrial base, with our latest manufacturing survey showing that exports are weighing on the sector.
“Risks to growth remain, including global political instability and mounting weakness in the Eurozone, but the CBI still anticipates that healthy growth will continue.”
Across the UK, the CBI speaks on behalf of 190,000 businesses of all sizes and sectors which together employ nearly seven million people – about one third of the private sector-employed workforce.
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