The soaring value of the pound has battered Britain’s manufacturing exports, leaving the economy reliant on the consumer-driven services sector for growth, the CBI has warned.
Solemn commitments have been made. David Cameron and Ed Miliband have wrung promises out of each other. The tax arms race has escalated to the point where the options available to Labour and the Conservatives for raising extra revenue are narrowing.
In the wake of March'sUS tepid jobs creation, it may be time to take a harder look at this soft patch.
US employers created the smallest number of jobs for more than a year in March, fanning fears that a strong dollar and weak oil price are taking their toll on the world’s largest economy.
The US economy added 126,000 jobs in March – but the unemployment rate was unchanged at 5.5%.
The U.S. economy will rebound so sharply in the second quarter that the U.S. Federal Reserve could hikes rates twice this year, according to Alain Bokobza, head of global asset allocation at Societe Generale.
David Cameron has presided over an economy with the weakest productivity record of any government since the second world war, the Office for National Statistics said as it revealed output per worker fell again in the final three months of 2014.
Russia faces five years of economic stagnation, the country's former finance minister warned President Vladimir Putin.
Billionaire investor Warren Buffett told CNBC that if Greece ended up leaving the euro zone, "that may not be a bad thing for the euro."
Living standards have been thrust to the centre of the general election campaign as official figures showed Britain is undergoing the slowest recovery since the 1920s and GDP per head still remains lower than levels before the recession.
Consumers have been the missing link in the U.S. economic recovery and are likely to remain so absent a major change in sentiment.
The managing director of the International Monetary Fund has made an impassioned plea for Britain to stay in the EU, saying Brexit would spell the painful breakdown of a “long marriage” with grave risks for the global economy.
The International Monetary Fund will sound a fresh alarm over the state of the global economy this week when it reveals its latest forecasts for growth against the backdrop of slower world trade and jittery financial markets.