The British Chambers of Commerce has revised its economic forecast, increasing UK growth predictions to 1.1% for 2025, driven mainly by stronger business investment and increased government spending. Estimates expect inflation to rise to 3.2% by Q4 2025 before tapering off to 2% by the end of 2027. Unemployment is anticipated to remain at 4.6% throughout the forecast period. While sectors like services are projected to outperform, construction and manufacturing face muted growth. Business investment improvements are expected but concentrated in fewer sectors, signaling a selective recovery.
The British Chambers of Commerce has raised growth predictions for the UK economy in 2025 to 1.1%, driven by better business investment and increased government spending.
Despite the increase in growth forecasts, the UK economy will remain sluggish, with inflation expected to rise to 3.2% by the end of 2025 before gradually decreasing.
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