British economy: the decline in investment in 2019 will be the largest in 10 yea

Posted by qianjiu on June 17th, 2019

A survey released on Monday showed that British companies are expected to cut their investment in 2019 to the largest extent in 10 years, as the Brexit crisis has been dragged on for a long time, affecting future economic growth prospects.

The British Chamber of Commerce (BCC) said it expects corporate investment to fall by 1.3% this year and only 0.4% in 2020.

The British Chamber of Commerce will slightly increase its overall economic growth forecast for 2019 to 1.3%, reflecting the impact of large-scale replenishment of stocks before the UK's original March exit.

However, the Chamber of Commerce will reduce its economic growth forecast for 2020 from 1.3% to 1.0%, and in 2021 it will only slightly accelerate to 1.2%.

Adam Marshall, the UK Chamber of Commerce Director General, said that due to the continuing uncertainty of Brexit, companies are unable to advance long-term plans. The term for Brexit is now October 31st.

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