{"id":38417,"date":"2020-12-10T14:11:34","date_gmt":"2020-12-10T10:11:34","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=38417"},"modified":"2020-12-10T14:11:37","modified_gmt":"2020-12-10T10:11:37","slug":"cbi-uk-economy-will-not-recover-from-the-pandemic-before-the-end-of-2022","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/cbi-uk-economy-will-not-recover-from-the-pandemic-before-the-end-of-2022\/12\/10\/market-updates\/","title":{"rendered":"CBI: UK Economy Will Not Recover From The Pandemic Before The End of 2022"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>The Confederation of British Industry (CBI) has warned that the country&#8217;s economy is unlikely to return to its pre-COVID-19 scale before the end of 2022 and that unemployment appears to rise sharply in the first half of next year.<\/p>\n\n\n\n<p>The union expected the British economy to contract by a record high of 11.1% this year as a result of the pandemic before growing 6% next year and 5.2% during 2022.<\/p>\n\n\n\n<p>Unemployment is expected to reach a peak of 2.51 million people, or 7.3% of the workforce, in the second quarter of next year after the end of the government aid program.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Confederation of British Industry (CBI) has warned that the country&#8217;s economy is unlikely to return to its pre-COVID-19 scale before the end of 2022 and that unemployment appears to rise sharply in the first half of next year. The union expected the British economy to contract by a record high of 11.1% this year &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32522,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6835],"class_list":["post-38417","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-uk"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=38417"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38417\/revisions"}],"predecessor-version":[{"id":38418,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38417\/revisions\/38418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32522"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=38417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=38417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=38417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}