BCC publishes its latest economic forecast slightly downgrades its growth expectations for the UK economy

The BCC forecasts GDP growth for 2018 at 1.3% which, if realised, will be the weakest calendar year growth since 2009, we’re also downgrading our growth forecast for 2019 to 1.4%

Business investment growth is expected to slow in 2018 to 0.9%. The high upfront cost of doing business in the UK and the ongoing uncertainty over the UK’s future relationship with the EU are expected to continue to stifle business investment

The UK’s net trade position is expected to weaken over the next few years. Exporters will struggle to recover the ground lost in the year so far, as growth in key markets moderates

If realised, our forecast suggests the economy is in a torpor, and we’re urging government to focus on the domestic business environment, reducing the uncertainty that firms face