• Friday, May 20, 2022

Business

UK Continue To Witness Business Investment Freeze In 2019: BCC

In addition to weaker business investment, the slide in the value of the pound together with weaker confidence levels is expected to stifle the contribution of net trade and consumer spending to UK GDP growth (Photo: TOLGA AKMEN/AFP/Getty Images).

By: Radhakrishna N S

Economic growth in the UK in the current year and in 2019 is likely to be the weakest since last recession following a deep freeze in business investment and poor consumer demand prior to the Brexit, according to a forecast released by the British Chambers of Commerce (BCC) on Tuesday (18). According to the key finding in the forecast, UK GDP growth forecast for 2018 is marginally upgraded from 1.1 per cent to 1.2 per cent. UK GDP growth is expected to slow to 0.1 per cent in fourth quarter of 2018 (down from 0.6 per cent in the previous…

You do not have access to this content. You need to subscribe.

Eastern Eye

Related Stories

Eastern Eye

Videos

Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…