CBI comments on latest GDP data
The CBI commented on the preliminary GDP data, which showed that the economy shrank by 0.7% in the second quarter of 2012.
John Cridland, CBI Director-General, said:
“These are very disappointing figures. They show there has been a lack of growth in the first half of 2012.
“When I talk to businesses on the ground, however, the overwhelming view is that right now the economy is flat rather than negative, and there is potential for Britain to get back into growth later in the year.”
Notes to Editors:
The CBI is the UK's leading business organisation, speaking for some 240,000 businesses that together employ around a third of the private sector workforce. With offices across the UK as well as representation in Brussels, Washington, Beijing and Delhi the CBI communicates the British business voice around the world.