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December 2019

Disclaimer :
"Any views or opinions expressed in these blogs are solely those of the author and might not represent those of Access Credit Management Limited."

The UK Economy to Improve Gradually If Soft Brexit Achieved

The Confederation of British Industry (CBI) has outlined the possibility of a gradual improvement in the UK economy. However, in their report, the CBI point out that this will only happen in the event that the country agrees to a suitable post-Brexit trade deal that aligns with the current EU rules.

What Do They Forecast?

The Japanese Prime Minister Announces Package to Boost Economy

An announcement by Japanese Prime Minister Shinzo Abe revealed a massive fiscal spending package that is designed to boost the national economy.
Abe revealed that the package will be worth around 13 trillion yen, which is about £90 billion. This amount is to include an additional budget for this financial year, as well as extra spending that is set aside for 2020.  
According to reports, the overall amount will be even higher when the likes of private sector spending is added in. This could take it up to 25 million yen (£175 billion). 

2019 Ends with Signs of Economic Stability

2019 was a challenging year for economies all over the planet. Difficult trading conditions led to an overall slowdown. Yet, the year is ending with some signs that a period of greater stability could lie ahead in 2020.

The Challenges Faced in 2019

Global growth was as slow this year as it has been at any time since the financial crisis 10 years ago. One of the main reasons for this was the increasing number of trade barriers around the world.

The British Economy Is Expected to Boom in the 20s

New research suggests that the post-Brexit economy in the UK will be one of the world’s strongest. In fact, it predicts a decade of growth that keeps it ahead of countries such as France, Italy and Brazil.

What Does the Report Say?

This data comes from the Centre for Economic and Business Research (CEBR). They released their annual version of the World Economic League Table (WELT). Douglas McWilliams is the Deputy Chairman of the CEBR. He said that their league table “tracks relative economic progress”.