British Chamber of Commerce reports UK growth falling

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The quarterly economic survey issued by the British Chamber of Commerce says that all indicators point to a slowdown coming in the service sector in the UK, which accounts for two-thirds of the economy. The survey also indicated that gross domestic product growth in the second quarter was 0.5 percent, only slightly above the 0.4 percent growth in the first quarter. If this slow growth is confirmed, said an economic adviser to the BCC, the organization would likely revise its annual growth forecast downward for the second time this year, to 2 percent.