Economic Forecast: UK at Risk of 2-Speed Economy - Cambridgeshire Chambers of Commerce
Summary by Cambridgeshire Chambers of Commerce
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Economic Forecast: UK at Risk of 2-Speed Economy - Cambridgeshire Chambers of Commerce
The British Chambers of Commerce (BCC) Quarterly Economic Forecast (QEF) has increased growth predictions for 2025, but the UK economy will remain sluggish. Better-than-expected business investment in Q1 is forecast to boost GDP across 2025. Inflation is projected to increase further in the coming months, before slowing to 2% by the end of 2027. Unemployment is expected to be 4.6% throughout the forecast period, with the increase in national i…
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