The British Chambers of Commerce (BCC) has downgraded UK GDP growth In its Economic Forecast, released today.
Weak net trade and manufacturing figures are said to be the main reasons behind the downgrade. The BCC believes the UK economy is set to continue expanding, but at a slower pace – down from 2.6% to 2.4% in 2015; 2.7% to 2.5% in 2016; and 2.7% to 2.5% in 2017. The manufacturing sector is expected…
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