British Chamber of Commerce Upgrades UK Economy Forecast

The BCC said it expected output to increase by 0.9% this year, up from a previous growth prediction of 0.6%.

It sees gross domestic product (GDP) for 2014 being raised from 1.7% to 1.9%, and for 2015 from 2.2% to 2.4%.

“The upward revision in our growth forecasts is encouraging,” said BCC director general John Longworth.

He told the BBC that many businesses were telling him conditions were not too bad.

“Businesses tend to say ‘we’re doing OK’,” he said. “Businesses are in fact doing OK – not great, but OK.”

via BBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.