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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (30796)	5/26/2005 12:01:06 PM
From: mishedlo	Read Replies (1) of 116555

UK CBI cuts GDP growth forecasts for 2005 and 2006 Thursday, May 26, 2005 10:23:27 AM afxpress.com LONDON (AFX) - The country's biggest business lobby slashed its UK growth forecasts for 2005 and 2006, citing high oil prices, slower global activity and a drop in domestic consumption The Confederation of British Industry said it cut the 2005 GDP estimate to 2.3 pct from 2.5 pct previously. For 2006, the forecast was reduced to 2.3 pct from 2.6 pct

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