The UK economy is expected to slow to the weakest in a decade amid ongoing Brexit uncertainty, according to the British Chambers of Commerce ( the British Chambers of Commerce ). March 18 2019 The business group downgraded its growth forecast for this year to 1.2% from 1.5% and for a decade to 1.3% from 1.3% , citing Brexit and slowing worldwide economic growth. Business investment is also expected to drop 1% this year , the BCC added.
The UK economy is expected to slow to the weakest in a decade amid ongoing Brexit uncertainty, according to the British Chambers of Commerce ( the British Chambers of Commerce ). The business group downgraded its growth forecast for this year to 1.2% from 1.5% and for a decade to 1.3% from 1.3% , citing Brexit and slowing worldwide economic growth. Business investment is also expected to drop 1% this year , the BCC added.