Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), comments on the latest UK GDP and trade statistics, published today by the ONS.
The British Chambers of Commerce’s Quarterly Economic Survey – the largest private sector survey of business sentiment and a leading indicator of UK GDP growth, closely watched by policymakers including the Bank of England – finds that underlying economic conditions remained stagnant in the second quarter of 2019.
The British Chambers of Commerce (BCC) has today released its latest economic forecast, upgrading its growth expectations for the UK in 2019 to 1.3% (from 1.2%). However, the leading business group has downgraded its growth forecast for 2020 to 1.0% (from 1.3%) and to 1.2% (from 1.4%) in 2021.
The British Chambers of Commerce (BCC) and the Council of British Chambers of Commerce in Europe (COBCOE) announce that they have reached an agreement that will see 24 additional British Chambers across Europe become part of the BCC’s Global Business Network – significantly expanding the leading business organisation’s reach and practical, real-world support for trade between the UK and the Continent.
More UK exporters are reporting a decrease in orders in the opening quarter of the year, with cashflow and confidence dipping too according to the latest Quarterly International Trade Outlook from the British Chambers of Commerce, in partnership with DHL.
The British Chambers of Commerce’s quarterly economic survey – the largest private sector survey of business sentiment and leading indicator of UK GDP growth – found that key indicators of UK economic health weakened considerably in the first quarter of 2019.
Addressing the BCC Annual Conference 2019 today, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), will address the deep levels of frustration and anger among business communities across the country towards those in Westminster over the ongoing political turmoil.