All is calm.
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.
Some economists see economic growth as negligible in the first quarter, and it could easily turn out to be negative.
Britain’s productivity plunged fell 1.2 per cent in the final quarter of 2015, according to fresh data released by the Office for National Statistics (ONS) this morning, adding to concerns about the UK’s so-called “productivity puzzle”.
Governments must urgently pursue more growth-friendly policies to shore up a weakening global economy beset with risks, the head of the International Monetary Fund has said.
Support for staying in the EU has risen among the finance bosses of big British firms, but they are also increasingly jittery as June’s referendum approaches.
Sterling and European stock indexes fell further on Monday, with the outlook for the region unclear after the U.K. voted to quit the EU last week.
The Bank of England will consider the first interest rate cut for more than seven years this week, as it seeks to contain the economic fallout from the Brexit vote.
Monday is Memorial Day, the official start of summer and another celebration traditionally marked by sales and a shopping bonanza. But the sun isn’t shining for US retailers.
Economic forecasting is a mug’s game. One thing that has been learned from the financial crisis and Great Recession is that even those equipped with the most sophisticated models get it wrong, sometimes spectacularly.
London's economic growth plummeted to it lowest since 2013 in February, a survey of businesses shows this morning.
The pound posted its biggest one-day rise for almost eight years and the FTSE 100 share index jumped 3% on Monday, as traders reacted to an apparent shift in support towards a remain vote in Thursday’s EU referendum.
Sales of new cars in the UK fell for only the second time in more than four years in June, in a sign that consumers are feeling less confident about spending money on big items.