CBI Monthly economic brief

Economic summary - December 2018

• 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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