Economy 'will perform better' this year, but 'unlikely to be in the fast lane any time soon' - London Business News | Londonlovesbusiness.com
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from London Business News | Londonlovesbusiness.com4 months ago
The British Chambers of Commerce forecasts a UK economic growth of 1.1% for 2024, driven primarily by government spending and a subsequent rise in household consumption due to lower inflation.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/economy-will-perform-better-this-year-but-unlikely-to-be-in-the-fast-lane-any-time-soon/
Despite a slight upward adjustment in growth forecasts, the overall economic landscape remains weak, with trade projected to contract in 2024 due to ongoing barriers with the EU.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/economy-will-perform-better-this-year-but-unlikely-to-be-in-the-fast-lane-any-time-soon/
Read at London Business News | Londonlovesbusiness.com
#uk-economy #economic-forecast #growth-expectations #trade-barriers #household-consumption
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