British Chambers of Commerce latest forecast for economic growth
- For 2018 1.3% from 1.4% their prior forecast
- 1.3% would be the weakest since 2009
- For 2019 the BCC is at 1.4%
BCC citing:
- Unusually cold weather, but that is not the only factor …
- Brexit uncertainty
- Higher oil prices
- Trump's trade war fears
"The economy is in a torpor, with uncertainties around Brexit, interest rate rises, and international developments such as a possible trade war and rising oil prices all having an impact"
- BCC say the case is weak for a further increase in BoE rates
