Legendary fund manager George Soros has reiterated his warning that the global economy is in the same state now as it was before the global crisis in 2008.
Cast your mind back 10 years. It is early 2006 and everything seems to be going well. Unemployment is around 5%, the Bank of England prides itself on keeping inflation at or close to its 2% target, earnings are going up by 4% a year.
More than 3 million people will become unemployed worldwide in the next two years, making existing jobs vulnerable and fuelling potential social unrest as the global economy slows, a report warns.
The probability of a global economic recession this year is as high as 20% in a worst case scenario, investment bank Morgan Stanley said on Tuesday.
Bank of England governor Mark Carney has said he needs to see faster economic growth, higher pay and more core inflation before he votes for the first interest rate hike in nearly a decade.
The release of the latest GDP figures brought good news.
The Bank of England governor has rejected criticism that the central bank overcooked warnings of a hit to the economy after a vote to leave the EU despite signs that the downturn will be shallow.
Rumblings from China's State Council have indicated more policy loosening was on the way on the mainland, Goldman Sachs said.