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CBI December2018

12/12/2018

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Economic Update for December 2018

Economic summary 

•    The CBI’s latest UK economic forecast expects growth to remain subdued through 2020, assuming
      the EU Withdrawal Agreement is ratified by parliament.
•    The CBI’s latest growth indicator points to slightly weaker growth in Q4 following a stronger Q3,
      which was supported by the warm weather and world cup.
•    Evidence of stockpiling by companies as a form of contingency planning for Brexit remains limited.
•    The latest Financial Stability Report concluded that UK banks are resilient to a sharp recession in the
      UK and global economy, more severe than the global financial crisis.
•    Several major papers analysing certain Brexit scenarios were released at the end of November
      ahead of Parliament’s vote on the EU Withdrawal Agreement bill.


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