UK set for weakest economic growth since financial crisis – BCC
|In his latest report, Suren Thiru, Head of Economics at the British Chambers of Commerce's (BCC), said that the UK economy is likely to expand by the smallest amount since the global financial crisis (GFC), in the wake of the coronavirus outbreak and its huge negative impact on the world economies.
Thiru said: “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.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.