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

Japanese Economic Growth Almost at a Standstill

Amid a slowing global economy, Japan is the latest country to produce disappointing GDP figures. The third-biggest economy on the planet failed to grow significantly in the third quarter of 2019, with more bad news expected in the final quarter of the year.
What Do the Results Show?
The government released GDP data showing that the annualised growth rate for Japan in the previous quarter was just 0.2%.  This represented a big drop from the 1.8% that was recovered in the period from April to June of this year. 

Sharpest Fall in UK Employment Since 2015

The latest numbers to be released by the Office for National Statistics (ONS) show that employment has dropped at a faster pace than at any time in the last four years. Pay growth has also fallen in the last quarter.
The Full Figures
The ONS numbers show a fall in employment of 58,000 in the third quarter of this year. This represents the largest drop in this respect since back in May of 2015. Overall, the last quarter saw the percentage of the working age population in employment drop from 76.1% to 76%.

A Weak October for UK Services but the EU Predicts Stability

The British economy suffered another drop in the key services sector in October. The latest figures to be released showed that this was the seventh month of 2019 with declining new orders. 
Particularly noteworthy was the ongoing struggle of the UK’s car industry, which now shows an annual drop of 6.7%.
The Overall Figures

British Economy Expected to Grow By 1% in 2020

The latest predictions suggest that the British economy will grow next year. However, it is now believed that the growth will be only 1% which is lower than had previously been predicted.
The updated prediction comes from the EY ITEM Club. This is an economic forecasting group that looks at official Government data to spot trends.
The Fully Story

US Interest Rates Could Be Cut Again This Week

It has been widely predicted that the US economy could be boosted by another interest rate cut this week. It currently sits at 1.75pc. What are the chances of this happening and what could happen after it is ratified?

The Overall Situation

Some economists suggest that the American economy has a one in three chance of entering into a period of recession. The long-running trade war with China and dropping output levels have raised concerns that the world’s largest economy is in trouble.