Reply #11: UK economy forecast cut by BCC for fourth time

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http://www.bbc.co.uk/news/business-15915104

The British Chambers of Commerce (BCC) has cut its forecast for UK economic growth for the fourth time this year.

It is now forecasting growth of 0.9% this year and 0.8% in 2012, and said growth will be "very weak" for the next two to three quarters.

Only two months ago, the business lobby group had expected growth as high as 1.1% for 2011 and 2.1% next year.

The BCC blamed the slowdown in part on the government's austerity measures, as well as the crisis in the eurozone.