The largest financial stimulus program in the history of the United States has ended. Now the really interesting chapter of the American economy begins.
Britain’s economy lost some momentum in the past three months but growth remains relatively solid, according to the CBI. In the latest survey to suggest that struggles in the eurozone and geopolitical tensions are hurting exporters, the CBI said manufacturing was the weakest part of the economy in the three months to October.
The Bank of England can afford to keep interest rates low for longer than previously thought, deputy governor Jon Cunliffe has said, in comments that will reinforce the market view that rates will remain at 0.5% until at least the middle of next year.
Bank of England policymakers remained split over whether to raise interest rates immediately, with two members of the nine-strong monetary policy committee (MPC) voting in favour this month.
During a week of turmoil on the global stock markets, the energy sector played out a drama that could have even bigger consequences: a standoff between the US and the Opec oil-producing nations.
Raising UK interest rates soon simply isn’t cricket, the Bank of England’s chief economist has declared, in an intervention that swapped the spreadsheet for the Wisden almanac.
Global markets suffered sharp falls again as investor fears of an economic slowdown were reinforced by a poor set of US data.
The prospects of an interest rate rise in the next few months have dimmed after inflation fell to a five-year low last month.
Germany has slashed its growth forecasts for this year and 2015, sparking calls for a public spending boost to prevent the eurozone falling into a triple-dip recession.
Weakness in stocks is distracting from tailwinds in the economy: lower oil prices, a better U.S. economy and high cash levels at U.S. corporations.
Brazil’s economy suffered its worst slump for quarter of a century last year as a global commodity rout, a domestic political crisis and rising inflation forced businesses to slash spending and jobs.
Moody's cut its outlook for China from "stable" to "negative", citing the country's rising debt burden and uncertainty over the government's ability to implement the much needed economic reforms.
China’s factories have stumbled through last month’s new year celebrations to join a broad decline in manufacturing across Europe and the US, adding further evidence of sharp downturn in the global economy since the beginning of the year.