Britain’s leading corporate lobby group has insisted the government should press ahead with its austerity drive, despite warnings that another round of deep cuts could dent the recovery.
The growth in new car sales in the UK slowed to 2.4% year-on-year in May, according to industry figures. This would seem like a respectable figure if it was not for the double-digit growth that has characterised the last couple of years.
Having money from economic growth flow to poor people rather than the rich feeds into a lift in the rate of economic growth and lower unemployment. Conversely, as income inequality increases, the potential for economic growth is constrained.
Britain’s manufacturing sector has lost momentum in recent months, hit by the slowdown in North Sea oil and gas investment and a tough export market, a business survey has found.
A harsh winter, a strong dollar and falling oil prices took their toll on the US economy in the first quarter, the Commerce Department revealed on Friday.
UK consumers are at their most upbeat for nine years on the back of improving job prospects and low inflation, according to the latest report to suggest spending power is recovering.
Singapore's economy grew at a faster than expected pace in the first quarter than earlier thought, data showed on Tuesday.
The high-stakes game of brinkmanship between Greece and its creditors intensified on Monday after prime minister Alexis Tsipras convened an emergency meeting of his political negotiation team following a stark warning from Athens that default was looming.
The IMF has warned France that it must reduce government spending and debt levels, as well as tackling its sticky unemployment rate.
Japan's economy staged an encouraging comeback in the first quarter, expanding at its fastest pace in a year, data showed on Wednesday.
Leaving the EU would hit British living standards, stoke inflation and wipe up to 5.5% off GDP, the International Monetary Fund has warned with less than a week to go until the referendum.
Boris Johnson has dismissed fears about the value of sterling in the event of Brexit and suggested the Bank of England governor, Mark Carney, is guilty of talking the economy down.