The latest CBI economic forecast points to encouraging signs that the UK economy is on track to gradually “pick up steam” over 2024 and 2025. After a strong start to the year, UK GDP growth is projected to rise to 1.0% in 2024. Momentum should then continue in 2025, with GDP growth anticipated to reach 1.9% – broadly in line with the average pre-COVID growth rate (2.0% between 2010-19). The CBI also expects inflation to decline to the Bank of England’s 2% target in Q2 2024, before picking up slightly in the latter part of this year. In 2025, inflation is forecast to return to 2% more sustainably. To read the CBI’s news release, go to https://www.cbi.org.uk/media-centre/articles/the-uk-economy-is-picking-up-steam-but-more-needs-to-be-done-to-achieve-sustainable-growth-cbi-economic-forecast/.