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The British Chambers of Commerce (BCC) upgraded its forecasts for the U.K. GDP (gross domestic product) on Wednesday. The upgrade was driven by stronger than expected improvements in household consumption and services.
The BCC predicts 2.7% GDP growth for 2015, up from the previous forecast of 2.6%.
The GDP growth in 2016 is expected to be 2.6%, up from a 2.4% rise.
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