UK economy is slowing down and could go into recession
says new report
says new report
By Charles Kelly,
Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and
creator of Money Tips Podcast
Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and
creator of Money Tips Podcast
A report by the IHS Markit/CPS purchasing managers suggests
that the UK service sector is slowing down following construction and
manufacturing.
that the UK service sector is slowing down following construction and
manufacturing.
The report suggests that the economy shrunk by 0.1% in the
three months to September following a 0.2% fall in the previous quarter.
three months to September following a 0.2% fall in the previous quarter.
Yesterday, I reported that property price growth has almost
ground to a halt. I recently reported that the ONS said that the house
prices had slowed to the slowest growth rate since 2012.
ground to a halt. I recently reported that the ONS said that the house
prices had slowed to the slowest growth rate since 2012.
Germany is economy is all but in recession and stock markets
are going through a rocky patch.
are going through a rocky patch.
Many people are blaming Brexit, but I believe that this is
not the only factor. Economies go through regular cycles of expansion and
contraction, boom and bust.
not the only factor. Economies go through regular cycles of expansion and
contraction, boom and bust.
It doesn’t seem like we have had much of a boom since the
last crash in 2008, but a longer session was avoided by governments printing
money to the tune of trillions of dollars and central banks holding down
interest rates.
last crash in 2008, but a longer session was avoided by governments printing
money to the tune of trillions of dollars and central banks holding down
interest rates.
However, just because a country is in recession, it doesn’t
mean that you have to join it. You can take steps to ensure that your economy
or your Ucomony keeps going, and even thrives
in a recession, and works hard to see you through the storm.
mean that you have to join it. You can take steps to ensure that your economy
or your Ucomony keeps going, and even thrives
in a recession, and works hard to see you through the storm.
Word of the Day
Macroeconomics
Macro, from the Greek word meaning large.
Macroeconomics takes a big-picture view of the entire economy,
including examining the roles of, and relationships between, corporations,
governments and households, and the different types of markets, such as the
financial market and the labour market.
including examining the roles of, and relationships between, corporations,
governments and households, and the different types of markets, such as the
financial market and the labour market.
There are more examples and practical steps to getting rich and
being happy in my book,
Yes, money can buy happiness, I cover
the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more.
Check it out on Amazon http://bit.ly/2MoneyBook.
being happy in my book,
Yes, money can buy happiness, I cover
the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more.
Check it out on Amazon http://bit.ly/2MoneyBook.
See also:
10
tips to survive and thrive in the recession - https://podcasts.apple.com/gb/podcast/money-tips-daily-by-charles-kelly-former-ifa-and-author-of/id1347175960?i=1000444007011
tips to survive and thrive in the recession - https://podcasts.apple.com/gb/podcast/money-tips-daily-by-charles-kelly-former-ifa-and-author-of/id1347175960?i=1000444007011
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