Singapore's economic growth disappointed in the fourth quarter, as manufacturing contracted and tourism slumped.
The price of oil plunged to $55.91 per barrel on Wednesday as the US opened the way to crude exports and China produced another set of downbeat economic statistics that pointed to a global slowdown.
Russia is in crisis. There are concerns about the eurozone. Japan is struggling to emerge from stagnation. Booming stock markets seem divorced from economic reality. The Anglo-Saxon economies are outpacing the other developed economies of the west.
There’s definitely good news and bad news for the UK in the latest league tables of global economies drawn up by a leading economic consultancy.
Just in case you missed it: the U.S. economy is back.
George Osborne’s hopes of using a strengthening economy as the springboard for election victory next May have been dealt a double blow with news of weaker growth during 2013 and 2014 and the biggest current account deficit in the UK’s history.
As the economic recovery continues, 50% of British businesses are planning to take on extra workers in 2015, the CBI said, but skills shortage could stop jobs being filled.
Federal Reserve chair Janet Yellen says the US has very little to fear from the collapse of the Russian rouble because the US does very little trade and financial business with Moscow.
Tumbling oil prices could expose the financial markets to geopolitical risk, create problems in the junk bond market and cause deflation, the Bank of England has warned.