The UK’s economic growth over the past three quarters has been revised downwards in official figures, marking a disappointing end to a year of recovery. The start of 2011 will be "quite rough" for the British economy, the head of employers' organisation the CBI has warned. 01 Jan 2011 House prices unexpectedly climbed in December for the first time in seven months, according to a leading index, leaving them almost unchanged across the year as a whole and dampening fears for a dramatic crash. 01 Jan 2011 Estonia adopted the European single currency at midnight, ringing in 2011 as the 17th member of the eurozone, a bloc threatened by bailouts in Greece and Ireland and debt woes in Portugal and Spain. 01 Jan 2011 The euro is unlikely to survive in current form for next decade, says a top economic think tank. 01 Jan 2011 China's central bank chief has pledged to keep prices stable in 2011, raising the prospect of further interest rate rises to rein in inflation. 31 Dec 2010 Estonia's decision to become the first former Soviet state to adopt the euro and become the 17th member of the eurozone at midnight has led to strong opposition in the tiny Baltic state. 31 Dec 2010 Business has been at the forefront of world events throughout 2010, whether it be Europe's debt crisis, BP's oil spill or Britain's best-loved chocolate maker being taken over. Here are this year's highlights. 31 Dec 2010 House prices rose in December for the first time since May, providing reassurance that the fall in Britain's property market may not be as dramatic as in 2008. 31 Dec 2010 Business leaders have predicted "bumpy times ahead" for British companies in the new year, but said opportunities for growth will be there for the taking. 31 Dec 2010 Home sales in the US rose faster than expected in November, representing the latest piece of data to beat expectations and raise hopes that the American recovery is gaining traction. 30 Dec 2010 Fears that Beijing's measures to choke off inflation may knock away the central prop of global recovery. 30 Dec 2010 New US claims for unemployment benefits dropped more than expected last week to their lowest level in more than two years, suggesting the labor market recovery was gaining strength. 30 Dec 2010 Copper has hit yet another record high in a strong morning for metals trading, as commodities shook off China’s efforts to halt inflation by raising interest rates on Christmas Day. 30 Dec 2010 Manufacturing activity in China fell to a three-month low in December but soaring raw material costs continued to fan inflationary pressures in the economy, an independent survey said on Thursday. 30 Dec 2010 Roger Bootle: why the Bank can afford to keep UK interest rates low. 30 Dec 2010 British homeowners spent £6.1bn paying down their mortgages during the third quarter of the year in a move that reduced their spending power by 2.4pc, according to the latest Bank of England figures. 30 Dec 2010 Italy's borrowing costs have jumped to the highest level since the financial crisis two years ago, raising concerns that Europe's biggest debtor may slip from the eurozone's stable core. 29 Dec 2010 Bank of England figures show people braced for austerity Britain by paying down £6.1bn on their home loans in the three months to the end of September - the most since the first quarter of 2009. 29 Dec 2010 House prices will drop in 2011, the majority of forecasters agree – but by how much is another matter, with predictions ranging from slight movements to a dramatic 10pc plunge. 29 Dec 2010 Nudging people into good behaviour, the Government's pet project, no longer represents the cutting-edge in policy making – all eyes are now on "networks", according to influential economists. 28 Dec 2010 UK house prices fell for a sixth month in December and will extend their decline in 2011, according to new data from housing intelligence group Hometrack. 27 Dec 2010 Roger Bootle: why house prices could continue to fall for another two years. 26 Dec 2010 As 2010 draws to a close, it's becoming ever clearer that the UK's economic prognosis is not good. 26 Dec 2010 China raised interest rates for a second time in three months on Christmas Day in an attempt to curb borrowing, rein in property prices and tame inflation. 25 Dec 2010 Oil prices rose closer to $100 a barrel as cold weather in Europe fuelled demand, depleted supplies and stoked inflationary worries. 24 Dec 2010Economics
The latest news, analysis and comment on the UK and global economy.
ECONOMICS NEWS
UK growth in 2010 revised down as recovery loses traction
MORE ECONOMICS NEWS
CBI: start of 2011 will be tough for British economy
House prices end 2010 'flat'
Estonia joins crisis hit eurozone and hopes for the best
Euro stands just 20pc chance of survival in next decade
China on warpath against inflation
'Estonia! Welcome to the Titanic'
Top 10 business stories of 2010
House prices rise for first time since May
CBI: Growth opportunities there for the taking
US economy ending year on a high note
China slows as tightening bites
US jobless benefits claims lowest in two years
Metals from copper to silver hit record highs
China manufacturing growth slows but inflation a worry
'Record low rates for ages'
Homeowners cut mortgage debt by £6bn
Italy's debt costs approach red zone
Homeowners cut mortgage debt by the most in over a year
House prices will fall, says analysts, but how much?
Nudge gets the elbow as economists favour 'N squared'
House prices to drop '2pc' in 2011
More house price pain
The UK inflation genie is out of the bottle
China raises interest rates on Christmas Day
Oil pushes closer to $100 as cold snap bites
Saturday, 1 January 2011
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