Chambers of Commerce Upgrade UK Forecast
Published / Last Updated on 30/05/2013
Chambers of Commerce Upgrade UK Forecast.
The UK economic growth has been upgraded by the British Chambers of Commerce (BBC) for the next three years. Although the outlook has been upgraded they said the economy will still remain weak and faces many battles.
The outlook for this year have been predicted to rise by 0.9%, up from the 0.6% predicted last year. The GDP for the UK has also be predicted to rise for 2014, rising from 1.7% to 1.9% and from 2.2% to 2.4% for 2015.
Our View
Slow growing and positive sentiment coming from all sectors will drive stockmarkets. Most commentators are suggesting FTSE could hit 6,900 this year. We are setting an exit point for medium and high risk investors of FTSE 100 at 6,800.