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).
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…
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