Sunday, 15 February 2009

Economics

The latest news, analysis and comment on the UK and global economy.

LATEST ECONOMICS NEWS

IMF chief Dominique Strauss-Kahn in warning

"Second wave" of countries face being bailed out by the International Monetary Fund, chief warns at the G7 summit in Rome.

14 Feb 2009

Failure to save East Europe will lead to worldwide meltdown

Ambrose  Evans-Pritchard

The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point.

15 Feb 2009

Europe set for deep recession, economists warn

German economy shrinks most in 22 years

Europe' faces deep recession, economists warned today, after figures showed that the region's economy contracted in the final three months of 2008.

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13 Feb 2009

German economy shrinks most in 22 years

German economy shrinks most in 22 years

The German economy shrank the most in 22 years in the final three months of last year, as the global slowdown hit demand for the country's manufacturing exports.

13 Feb 2009

Mortgages drop to lowest level since 1974, says CML

The number of people buying a new home dropped to the lowest level since 1974 in 2008 as the "lending noose" exerted a stranglehold on the mortgage market, CML figures revealed.

12 Feb 2009

Darling to be attacked over sterling's slide

Alistair Darling is likely to get attacked by European Finance ministers over the slide in sterling

European finance ministers plan to round on Alistair Darling and tell him to bring the pound back under control.

13 Feb 2009

US unemployment climbs to a 32-year high

US unemployment climbs to a 32-year high

US unemployment figures underline the need for President Barack Obama's $789bn (£554bn) fiscal stimulus package.

12 Feb 2009