The British Chambers of Commerce downgraded its growth projections for the U.K., citing weak consumer spending and a large reduction in investment.
Despite issues surrounding the Brexit, the U.K. is expected to skirt with, but avoid, recession, the business lobby said in its economic forecast released Monday. The BCC forecasts the economy to grow 1.8 percent this year instead of 2.2 percent.
BCC Trims U.K. Growth Outlook As Brexit Takes Toll On Spending, Investment
