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Reply #11: UK economy forecast cut by BCC for fourth time [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-28-11 07:33 AM
Response to Reply #9
11. UK economy forecast cut by BCC for fourth time

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.
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