Will upgraded BCC forecast buoy firms using facilities management?
September 1st 13:20 Cost Management
A number of British businesses using facilities management cost reduction processes to protect their margins in the post-recession era could be among those boosted by a recent economic forecast.
The British Chambers of Commerce (BCC) has published a revised forecast of GDP growth in 2010 and 2011.
According to the estimate, GDP will increase by 1.7 per cent in 2010 and by 2.2 per cent next year.
This compares to a previous forecast, which predicted growth of 1.3 per cent and two per cent respectively.
It follows the latest official figures, which showed that GDP increased by 1.2 per cent in the last quarter.
David Frost, the BCC's director-general, said: "There must be a relentless focus on ensuring that business is able to deliver growth and create employment.
"We need policies that rebalance the economy towards wealth-creating businesses, and enable the private sector to invest, export and create new jobs. Failure to get this right poses the biggest risk to recovery."
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