British Chambers of Commerce downgrades UK 2020 growth prediction
The British Chambers of Commerce (BCC) has today slashed its prediction for growth in the UK economy in 2020, blaming a slump in business investment and the unwinding of Brexit stockpiling.
The BCC has released its latest economic forecast, upgrading its growth expectations for the UK in 2019 to 1.3% (from 1.2%).
However, the business group has downgraded its growth forecast for 2020 to 1.0% (from 1.3%) and to 1.2% (from 1.4%) in 2021.
The group has slightly upgraded its growth forecast for 2019, driven by the exceptionally ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...