Global Economy
Central banks must push recovery policies back to governmentsThe Bank for International Settlements, known as the "central banks central bank" warns that artificial stimulus needs to come to an end and governments take charge of reforms. |
Bermuda says no to tax agreement putting G8 consensus at riskOne of the UK's overseas tax territories, Bermuda, is refusing to sign a multilateral tax agreement, undermining David Cameron's aim of reaching a cross-border agreement on the sharing of tax information. |
Mixed US jobs data means more QE remains an optionThe US added 175,000 new jobs in May but the unemployment rate edged up to 7.6 per cent. The mixed data means that more quantitative easing is still an option. |
OECD forecasts UK economy will grow faster than eurozoneThe OECD says the UK economy will grow by 0.8 per cent in 2013 and by 1.5 per cent in 2014, less than previously forecast but better than the eurozone where the economy is expected to contract. |
OECD says UK will return to normal growth of 2% this yearThe Organisation for Economic Co-operation and Development (OECD) expects the UK to recover and reach its long term growth rate of two per cent later this year. |
King: "More twists and turns" before global economic crisis endsThe Governor of the Bank of England, Sir Mervyn King, was warned that he expects more "twists and turns" before the global economic crisis is over. |
Osborne calls on G20 to work together to combat tax avoidanceThe G20 group of countries has pledged to work together to ensure that global companies pay the right levels of tax to the countries they have earned the profits in. |
US manufacturing at 9-month high as 157,000 jobs added in JanThe United States economy added 157,000 jobs in January, and manufacturing activity reached a nine month high as the US economy started 2013 on a positive note. |
IMF says global growth linked to eurozone revivalIn its latest World Economic Outlook report the International Monetary Fund has cut the growth forecasts for most western economies and says the eurozone is heading back into recession. |
ILO: Global unemployment to reach record high of 202m in 2013A new UN report by the International Labour Organization predicts that global unemployment will rise by fove million in 2013 to reach a new record high. |
World Bank warns global economy will be flat in 2013The World Bank says that the global economy will grow by 2.4 per cent in 2013 but warns that weak performance in high income western countries is hampering the progress of emerging economies. |
Supermarkets hit back over food waste claimsA new report slams the wasteful attitude of consumers who throw away between 30 and 50 per cent of all food despite suffering from the biggest squeeze on finances for 60 years. |
OECD cuts UK growth forecast due to weak global recoveryThe OECD has cut its global and UK economic growth forecasts and says political leaders need to take decisive action in the United States and Europe. |
Blog: Will Obama's statement on Fiscal Cliff ease concerns?President Obama and Republican John Boehner square up with their initial thoughts on dealing with the US Fiscal Cliff today with lots at stake for the global economy. |
What is the US Fiscal Cliff and how will it affect the economyBarack Obama has been re-elected as the US President but he now has to find a solution to the impending tax rises and spending cuts that is the US Fiscal Cliff. |
President Obama faces huge task in dealing with US fiscal cliffWhoever won the US Presidential race was going to face a huge challenge in dealing with the US fiscal cliff before $660b of tax rises and spending cuts are applied with major consequences for the global economy. |
NIESR says UK economy to grow by just 1.1 per cent in 2013The National Institute of Social and Economic Research warns that the weak international economy will mean UK growth is limited to 1.1 per cent in 2013. |
IMF chief Lagarde calls for "courageous" action on economyThe head of the IMF, Christine Lagarde has called for action to tackle the "terrifying and unacceptable" jobless rates ahead of a joint meeting of the IMF and World Bank. |
IMF cuts forecast for UK economic growthThe International Monetary Fund says the UK economy will contract by 0.4 per cent in 2012 and has cut its forecast for growth in 2013 to just 1.1 per cent. |
IMF chief warns global economic growth forecasts to be cutThe head of the International Monetary Fund, Christine Lagarde has warned that growth forecasts will be cut as the euro debt crisis and US debt impact the economic outlook. |
OECD cuts UK growth forecast as MPs warn there is no quick fixThe Organisation for Economic Co-operation and Development (OECD) says the UK economy will contract by 0.7 per cent rather than growing by 0.5 per cent as it predicted in May. |
IMF downgrades UK economic growth forecastThe International Monetary Fund has cut its forecast for Britain’s economic growth this year by more than any other developed country. |
ILO calls for global response to EU jobs crisisThe International Labour Organisation (ILO) has warned that global governments need to form a co-ordinated policy focus on job creation, not austerity measures. |
OECD warns UK disposable incomes will fall for two more yearsThe Organisation for Economic Co-operation and Development (OECD) has warned that inflation will grow faster than incomes in the UK for two more years. |
Fiscal austerity making global job crisis worse, says ILOThere is no recovery in sight for the global jobs situation and austerity measures are making things worse, according to the International Labour Organization. |
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