Inflation remained at 0.3% in May after a rise in transport costs and hotel bills was offset by the falling cost of clothes and food.
Sterling could fall by 30% and the stock market by 20% if the UK should leave the European Union, according to a stark assessment from an award-winning team of independent economic analysts.
When Janet Yellen sits down with her colleagues on the Federal Reserve’s interest rate-setting committee this week, another slice of her credibility will be on the line.
Global growth will slow this year as oil exporters in the developing world struggle to cope with lower energy prices, the World Bank has said in its half-yearly economic health check.
The pound swung wildly on currency markets on Monday, reaching extremes of volatility not seen since the financial crisis, as City traders reacted to polls suggesting voters were increasingly likely to send Britain out of the EU this month.
Hikes to US interest rates might be on hold again thanks to “considerable uncertainty about the economic outlook” Janet Yellen suggested in a speech on Monday.
Orders among UK firms have fallen to their lowest level for almost three years as growing worries over this month’s EU referendum hit the British economy.
Back in 2012, the first Friday of the month was an exciting day in US politics. As Barack Obama and Mitt Romney fought to convince voters that they’d be the best candidate to steer the US economy through recovery, the official monthly jobs report provided both sides with ammunition.
UK companies have become gloomier about their trading prospects and the economic outlook as the EU referendum approaches, according to a survey.
The conventional wisdom about the state of the world economy goes something like this: since the start of the 2007-2008 financial crisis, the developed world has struggled to recover, with only the United States able to adjust.
Fears that a Brexit vote would trigger widespread job losses failed to materialise last month, with the number of people claiming jobseeker’s allowance unexpectedly falling.
Almost a year on from when Japanese Prime Minister Shinzo Abe voiced the need for radical change to kick-start Japan's moribund economy, analysts remain divided over the success of 'Abenomics.'
Just one member of the Bank of England’s rate-setting committee voted to raise interest rates from their record low of 0.5%, confounding City expectations that Threadneedle Street would use “Super Thursday” to send a strong signal that the era of ultra-low borrowing costs is coming to an end.
An emerging crisis
An independent Scotland could be the perfect testbed for whether a nation can survive using cryptocurrencies instead of fiat money, the assistant governor of Australia's central bank has suggested.
The UK’s exit from the European Union could leave weak member countries exposed to a rise in migrants and reduce the influence of the remaining 27 states on the global stage, according to a leading economist.
The chancellor, George Osborne, will urge US investors not to turn their backs on Britain as he begins a world tour aimed at building new trade ties outside the European Union.
Incomes for the top U.S. 1 percent have surged since the financial crisis, but are still well below their peak in 2007, according to new data released by the IRS.
The Bank of England will not take instructions on its policies from politicians, its governor, Mark Carney, has said, just a week after Theresa May took a swipe at the impact of the Bank’s actions on “ordinary” people. Speaking at Birmingham town hall as part of the Bank’s Future Forum event on Friday, Carney said it became difficult for the Bank when politicians commented on its policies rather than its objectives.
A string of senior Conservatives warned Theresa May’s Brexit strategy is risking the health of the economy in a parliamentary debate, during which the pound dropped to its lowest ever level against a basket of currencies.
A brief rally in the pound was quickly reversed on Wednesday after the government refused to make tariff-free access to the European Union’s single market a red line in Brexit negotiations with Brussels.