Confederation of British Industry cuts 2016 UK growth forecast

By David Milliken LONDON (Reuters) - The Confederation of British Industry scaled back its forecast for economic growth next year, saying on Monday that resilient domestic demand would not be enough to outweigh the effects of a slowdown in emerging markets. The CBI reduced its 2015 growth forecast to 2.4 percent and its 2016 forecast to 2.6 percent, both 0.2 percentage points lower than its previous forecasts in August, though still a bit better than average for the British economy. "Manufacture