Notice: Trying to get property 'display_name' of non-object in /home/theproficientinv/public_html/wp-content/plugins/wordpress-seo/src/presenters/meta-author-presenter.php on line 40

UK set for weakest economic growth since financial crisis: BCC

imageEconomy2 hours ago (Mar 16, 2020 08:11PM ET)

UK set for weakest economic growth since financial crisis: BCC

LONDON (Reuters) – Britain’s economy looks on track to grow by the smallest amount since the financial crisis this year as the coronavirus outbreak threatens to drag major economies into recession, the British Chambers of Commerce said on Tuesday.

The world’s fifth-biggest economy looks on track for growth of 0.8% this year, the BCC said, downgrading its forecast from 1.0%. The forecast was finalised after British authorities unleashed a major fiscal and monetary stimulus plan last week to help shield Britain’s economy from the coronavirus outbreak.

“It is increasingly likely that the boost from higher government spending and more political certainty will be surpassed over the near-term by the negative impact of coronavirus on the UK economy,” said Suren Thiru, head of economics at the BCC.

UK set for weakest economic growth since financial crisis: BCC

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top