British Chambers of Commerce Expect Muted Economic Growth in 2018

According to the Quarterly Economic Survey, published by the British Chambers of Commerce, the UK economy continued to be depressed at the end of 2017. The business is in a state of rest before Brexit, and the companies continued to struggle with price pressure over the last three months of 2017 and reluctantly invested.

The survey showed that almost all indicators of the service sector in the UK were below the levels before the referendum on withdrawal from the EU, and the high performance of manufacturers slightly decreased in the fourth quarter. Economists expect that the British economy will continue its steady growth trajectory in the near future, while uncertainty about Brexit's influence coupled with high inflation and low productivity may reduce overall economic activity.