News | Mid Yorkshire Chamber of Commerce

BCC economic forecast: Coronavirus could further weaken UK economy

UK economic growth is expected to slow sharply in 2020 amid disruption caused by the impact of Coronavirus, according to the latest economic forecast by the British Chambers of Commerce (BCC). The leading business group has downgraded its UK GDP growth expectations for 2020 to 0.8%, from our previous forecast of 1.0%. Outside of the 2008/09 financial crisis, this would be the weakest full-year growth outturn since 1992 and down sharply from UK GDP growth of 1.4% in 2019.