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The Independent: "CBI ups growth forecasts but warns over economic recovery"

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"The UK economy's gathering momentum saw the CBI today raise its growth forecasts for 2013 and 2014, but the business group warned that Britain is still falling short of a 'sustainable recovery'.

"The employers' body is forecasting growth of 1.2 per cent this year – above its May forecasts of 1 per cent – and a stronger 2.3 per cent advance in 2014, after a better-than-expected second quarter and a broad-based rise in confidence across services, construction and manufacturing sectors.

"But efforts to rebalance the economy towards exports and investment are still struggling to get out of the starting blocks, according to the CBI's director-general John Cridland, who said trade was making a limited contribution to the recovery."

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