British Chambers of Commerce cut its forecast for economic growth this year and next
Citing:
- slower global economy
- U.S.-China trade tensions
- persistent drag from Brexit
Growth forecast for this year to 1.2% from its June forecast of 1.3%
- 2020 to 0.8% from 1.0
- “Our latest forecast shows a number of warning lights are flashing for the UK economy, even if we are able to avoid a messy and disorderly exit from the EU in just a few weeks’ time,” BCC director general Adam Marshall said.