Brexit scaremongering - British Chamber of Commerce downgrades UK GDP forecast

Brexit scaremongering is still ‘on’ even though key economic data in July/August showed little signs of post Brexit gloom and doom.

British Chamber of Commerce downgraded UK GDP forecast after Brexit vote. The group now sees UK growing at 1.8% this year, which is well below the previous estimate of 2.2%.

In 2017, the growth rate is seen slowing sharply to 1%. The previous forecast stood at 2.3%.