Clearview North November 2013 - Issue 144 | Page 87

businessnews

UK GROWTH PROJECTION CLIMBS
AS WORLD OUTLOOK FALLS
The International Monetary Fund (IMF) has boosted its forecast for
the UK economy at the same time as it downgrades global economic
growth.
It now expects UK growth to reach 1.4%, an upgrade from the 0.9%
prediction before the summer.

‘Expects UK growth to reach 1.4%’

Next year’s growth is expected to hit 1.9% an estimate which has
increased from July’s 1.4% prediction.
The twice-yearly assessment of the economy was introduced by the IMF’s
panel of economists in Washington DC.
It said a slower rate of growth in countries like Brazil, China and India
was hampering the global outlook.
Source: Bdaily Business News

MANUFACTURING RECOVERY
CONTINUES TO STRENGTHEN
Growth in the UK’s manufacturing sector is continuing to pick up,
with orders at their highest level since the start of the financial crisis.
That’s according to the latest CBI monthly Industrial Trends Survey.
The survey of nearly 400 manufacturers found that total orders rose
for the fifth consecutive month, while exports orders also grew strongly.
Meanwhile, output growth for the three months to September rose to its
highest rate since August 2011. Output is expected to rise strongly again
over the next three months.

With demand building across the UK and globally, stocks have fallen to
their lowest level since last November. But inflationary pressures remain
muted, with average prices expected to remain relatively steady over the
next three months.
Stephen Gifford, CBI Director of Economics, said: “Order books are
the fullest they’ve been since the start of the financial crisis, and firms are
ramping up production to meet demand. Firms are more upbeat about
growth prospects in the coming quarter.”

£300 MILLION
REGIONAL GROWTH
POT LAUNCHED

NEW HOME
REGISTRATIONS
RISE 25%

A new round of the
Regional Growth Fund has
opened as the Deputy Prime
Minister Nick Clegg called
on businesses across the
country to bid for a share of
the £300 million cash pot.
The Deputy Prime Minister
praised ‘home grown and
British-based businesses’ for
their crucial role in Britain’s
economic recovery.
So far £2.6 billion from
the first four rounds of the
Regional Growth Fund has
supported over 400 projects
and programmes, which will
create and safeguard hundreds
of thousands of jobs over
the long-term and stimulate
£14.7 billion of private sector

investment. Round 5 will
be open to private sector
bidders seeking £1 million
or more. The government
is calling for companies
planning high quality projects
that will generate significant
private sector investment and
sustainable jobs. Businesses
will be able to submit
their bids until noon on 9
December.
For more on the details of
the expression of interest
events in your areas
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