British Chambers of Commerce upgraded its forecasts for the U.K. GDP

Market news

11 March 2015

British Chambers of Commerce upgraded its forecasts for the U.K. GDP

The British Chambers of Commerce (BCC) upgraded its forecasts for the U.K. GDP (gross domestic product) on Wednesday. The upgrade was driven by stronger than expected improvements in household consumption and services.

The BCC predicts 2.7% GDP growth for 2015, up from the previous forecast of 2.6%.

The GDP growth in 2016 is expected to be 2.6%, up from a 2.4% rise.

United Kingdom: NIESR GDP Estimate, February +0.6%

U.S.: Crude Oil Inventories, March +4.5

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