The British Chambers of Commerce (BCC) has today published its new Quarterly Economic Forecast, downgrading its prediction for UK GDP growth in 2011 and 2012.
Though growth is expected to be weaker over the short-term, the new forecast predicts a gradual improvement, and warns against unjustified gloom about the UK’s economic prospects. According to the forecast, GDP growth will be 0.3% in the third quarter of the year and 0.5% for the fourth. It will reach 0.6% in the first…
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