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  • Business Development

    British Chamber of Commerce (BCC) Forecast

    The latest British Chambers of Commerce (BCC) forecast makes interesting reading as Brexit uncertainty continues to impact confidence levels and has resulted in a downgraded growth forecast of just 1.2% in 2019 (down from 1.3%), which if realised would be the weakest growth in a decade. The BCC has also downgraded its growth forecast for 2020 to 1.3% (down from 1.5%) and published its first forecast for 2021 of 1.4% growth. Business investment is also forecast to decline by 1.0% in 2019, which would be the weakest outturn since the financial crisis in 2009. Ongoing uncertainty over the UK’s future relationship with the EU continues to impact investment intentions.  Average…