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U.K. Outlook Raised by CBI as Construction Strengthens: Economy

The Confederation of British Industry raised its forecasts for U.K. economic growth and said business investment and trade will aid the recovery starting next year.

The business lobby sees the economy expanding 1.4 percent this year and 2.4 percent in 2014, it said in a quarterly report. That’s up from 1.2 percent and 2.3 percent in August. The projections came as a survey from Markit Economics showed construction unexpectedly strengthened in October to the fastest rate in six years, led by homebuilding.