The British Chamber of Commerce (BCC), an influential business trade body, has drastically cut growth forecasts for Britain's economy in the wake of Brexit.Leer más...
In its first update since the vote to leave the European Union, the BCC on Monday cut its GDP growth forecasts from 2.2% to 1.8% this year, from 2.3% to 1% in 2017, and from 2.4% to 1.8% in 2018.
The revisions mean Britain's economy is set to be £43.8 billion ($58.1 billion) smaller than the BCC had originally forecast by the time 2019 rolls around.
Business Insider has made the point before that Brexit's economic impact is more likely to be on lost growth rather than businesses pulling jobs out of the country.
"La principal virtud de la democracia es que deja obsoleta la revolución"
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