Economics
U.K. Economy Will Barely Grow This Year on Euro Crisis, BCC Says
This article is for subscribers only.
The U.K. economy will almost stagnate this year and the government needs to support the recovery with fiscal-stimulus measures, the British Chambers of Commerce said.
Gross domestic product will probably rise 0.1 percent this year as the renewed turmoil from the euro-area debt crisis crimps demand, the London-based group said in an e-mailed statement today. It previously forecast growth of 0.6 percent. It sees GDP rising 1.9 percent in 2013.