Sunday, 24 July 2011

Economics

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

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ECONOMICS NEWS

Weak growth is the new norm

Ahead of the latest GDP figures on Tuesday, economists say it is time to accept weak growth as the new norm.

24 Jul 2011

The ups and downs of Britain's recovery

As the City awaits news on how much the UK economy grew (or didn't) during the last quarter, here's a snapshot of the events that shaped Britain's growth this quarter.

24 Jul 2011

UK growth slump 'to last a decade,' says top economist

Britain is facing a decade of hyper-weak growth as the result of the 20-year credit boom that saw the nation and households build up unsustainable levels of debt, one of the UK's leading economists has said.

24 Jul 2011

Osborne cuts red tape to revive stalling growth

Chancellor to launch drive against red-tape strangling high-street shops.

24 Jul 2011

Europe's politicians will be punished for a deal dripping with moral hazard

This was the agreement Europe should have come up with 18 months ago, writes Ed Conway.

23 Jul 2011

Greece bail-out is 'a risk to EU'

Europe's second bail-out for the crisis-hit Greek economy risks undermining the foundations of the European Union, the president of Germany's Bundesbank has warned.

23 Jul 2011

Barack Obama warns of market meltdown

US President Barack Obama and top Congressional leaders are scrambling to agree a deal to raise America's $14.3 trillion (£8.8trillion) debt ceiling before financial markets open on Monday.

23 Jul 2011

China welcomes new Greek deal

China has welcomed the new bail-out plan for the troubled Greek economy as a solid step forward in addressing the eurozone's sovereign debt problem.

23 Jul 2011

Eurozone debt crisis plan: as it happened, July 22, 2011

News, views and reaction to the eurozone leaders' debt crisis deal.

22 Jul 2011

I'm starting to think that the Left might actually be right

What with the phone-hacking scandal, the eurozone crisis and the US economic woes, the corrupt few have left people disillusioned with our debased democracies, says Charles Moore.

22 Jul 2011

Greek deal turns up the heat on Washington

US politicians face a 'hot weekend' in Washington as the focus of financial markets turns squarely to the fraught talks aimed at preventing the American government defaulting on its debts.

22 Jul 2011

US debt crisis: a timeline

White House and congressional negotiators are racing against the clock to forge a deficit reduction deal that would clear the way for Congress to raise the $14.3 trillion (£8.8 trillion) US debt ceiling by August 2 and avert an unprecedented default.

22 Jul 2011

German think tank Ifo says Greek bailout is bad news

The €159bn Greek bailout is bad news for German taxpayers, the country's influential Ifo think tank said on Friday.

22 Jul 2011

Smarter Vodafone

Greater use of smartphones such as the iPhone boosts Vodafone.

22 Jul 2011

Eurozone debt crisis deal: market reaction

Markets have continued their rally on Friday morning after eurozone leaders announced €159bn of new aid for Greece. This is how analysts reacted to the deal.

22 Jul 2011

City Desk Morning Briefing - Friday

All the latest and must-have information around the key business and economic issues of the day.

22 Jul 2011

Mervyn King watches cricket while eurozone leaders meet

The Governor of the Bank of England raised eyebrows by spending the afternoon at Lord's while eurozone leaders worked on a deal.

22 Jul 2011

The European Financial Stability Facility: Q&A

Greece is set to lead the eurozone's first-ever default as European leaders agreed that the private holders of Greek debt will take a hit of €106bn over eight years. Here, we look at what the expanded EFSF is.

22 Jul 2011

Eurozone growth falls to near two-year low

Eurozone economic growth has fallen to its lowest level in nearly two years as the region's crisis led to a dramatic slowdown in its recovery.

22 Jul 2011

Eurozone leaders hail leap towards economic union

European leaders thrashed out an agreement to save the stricken euro last night, with a major step towards a full economic union in which taxpayers in rich nations would cover the spending of poorer ones.

22 Jul 2011

Greece to default as eurozone agrees €159bn bailout

Greece set to lead the eurozone's first-ever default as deal paves way for economic integration.

21 Jul 2011

Europe steps up to the plate

Europe's leaders have grasped the nettle. Faced with a spiralling bond crisis in Italy and Spain and the greatest threat to the EU project for 50 years, they have ripped up their bail-out strategy and taken a large stride towards a "liability union".

21 Jul 2011

Eurozone debt crisis summit: as it happened

Our coverage the crucial eurozone leader's debt crisis summit.

21 Jul 2011

Remorseless logic takes Europe closer to fiscal union

If Jean-Claude Trichet, president of the European Central Bank, had been planning on his usual break in La Rochelle this summer, he might as well cancel right now.

21 Jul 2011

Damian Reece: public sector doesn't have experience to make cuts

Heads of state in the eurozone also made a “solemn” reaffirmation of their commitment to “sustainable fiscal conditions” and promised to adhere to fiscal targets. But what about our own progress on fiscal consolidation?

21 Jul 2011