CBI predicts slower but 'solid' UK economic growth

In its latest quarterly forecast the organisation said the economy would be hamprered by a decline of GDP growth in 2016 to 2.3% from its November forecast of 2.6%, while 2017 will be 2.1% instead of 2.4%, the Daily Mail reported. The CBI downgraded its outlook saying revisions in historical data show there was less momentum in the 2015 economy than previously thought. Despite domestic demand "remaining healthy" the forecast took into account the "growing overseas risks", it said. However, the industry body said UK economic growth will remain "solid" amid market volatility and slow...