British Chamber Association: investments are falling faster than expected

The British Chamber of Commerce (BCC), worsened its forecast on British economic growth in the next two years, in particular due to the continuing uncertainty surrounding Brexit.

According to the forecast of the UK business advocacy organization published on Monday, the UK’s gross domestic product (GDP) will grow by 1.3 percent throughout 2019. This is at least as good as the previous forecast, which is likely to be 1.2 percent this year, but this is also due to the business stock accumulation due to Brexit uncertainty. (Kertész Róbert, MTI)