Consumer spending will help fuel UK economic growth in 2016, according to new forecasts, painting a more positive picture amid global market turmoil which has wiped trillions from global equities this year.
When the big names from business, government and central banking meet over the champagne flutes in Davos this week, the official theme is “mastering the fourth industrial revolution”.
Global oil prices will remain under pressure this week after Iran said it was ready to add half a million barrels a day to crude exports just hours after international sanctions were lifted this weekend.
Turn the clock back a month.
We are long overdue for a recession - and it will be much worse than 2008, says Michael Pento.
Gold prices started 2016 with a glimmer, rising to two-month highs in the wake of the Chinese stock market rout and the ripple effects it caused in European and US markets.
Sell (almost) everything, says Andrew Roberts, Royal Bank of Scotland’s credit guru.
Royal Bank of Scotland has warned of a “cataclysmic year” for the global economy, triggered by a slowdown in China, as it urged investors to liquidate all assets apart from high-quality bonds.
Greece is facing another bailout standoff with its creditors amid reports that eurozone countries will refuse to release additional funds to it this month.
The prospect of an interest rate rise in the US has receded after news that the world’s largest economy suffered a lull in job creation last month.
The International Monetary Fund (IMF) has called for the leaders of the world’s leading economies to make a positive case for globalisation after voicing concern that prolonged slow growth and rising inequality is eroding support for free trade and open markets.