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Uk Economy Growth To Slow In 2011 - Chambers Of Commerce

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The economy will grow by less than expected next year, but growth in 2012 will be better than predicted, the British Chambers of Commerce forecasts.

It downgraded its forecast for the UK's GDP growth in 2011 from the 2.2% it predicted in September to 1.9% now.

The BCC blamed the eurozone debt crisis, austerity cuts, weak housing market and VAT rise from 17.5% to 20%.

The Office for Budget Responsibility (OBR) recently downgraded its 2011 growth forecast from 2.3% to 2.1%.

The BCC was even more bearish, suggesting year-on-year growth will slow from 3% in the final quarter of 2010 to 1.4% in the second half of next year.

Have any of these organisations provided accurate predictions?

Say over past 10 years how many times have they been somewhere near with what they have forecast?

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  • 317 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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