More on the BCC lowering its GDP forecast for the UK economy this year and next

Author: Eamonn Sheridan | Category: News

I posted earlier on the BCC downgrading its economic growth forecasts

  • expects growth of 1.1% in 2018 (down from its previously expected 1.3%)
  • expects growth of 1.3% in 2019 outlook (from 1.4% previous) (Link here for earlier post)

BCC citing:

  • lack of precision on the nature of the U.K.'s future relationship with the EU is lowering expectations for both business investment and export growth
  • drag effect on investment and trade would intensify in the event of a 'messy' and disorderly Brexit

Such uncertainty is not a positive for business investment, no

More here at Bloomberg

GBP not caring much. Mind you, nothing FX is doing too much at all. 

 
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