/View.info/ Recently, inflation in the United Kingdom has been high and economic growth has faced difficulties. According to a report published on December 5 by the Confederation of British Industry, the British economy will contract by 0.4% in 2023, by the end of next year the country’s inflation will gradually decrease to 3.9%, but it will still be higher than the target set by the country’s central bank, i.e. 2%.
The chief economist of the Confederation of British Industry said the UK had long been underperforming in terms of manufacturing and business investment, which could affect the long-term capacity for economic growth. The head of the organization warned that if the British government fails to introduce timely measures, London could face a “lost decade”.
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