LONDON – Britain's economy now looks likely to sidestep recession entirely this year but deep-rooted problems like weak business investment will persist, the Confederation of British Industry trade body said on Monday. The economy is on course to expand 0.4 percent this year and 1.8 percent next year, the CBI said, compared with its previous forecast for a 0.4-percent contraction followed by growth of 1.6 percent in 2024. Falling energy prices, the reopening of China's economy from COVID-19 restrictions and easing supply chain disruptions were the main reasons for the upgrade, the CBI said.

https://business.inquirer.net/404978/uk-set-to-dodge-recession-but-big-problems-remain-cbi

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