The European Central Bank's unprecedented provision of a €489bn (£407.5bn) in cheap loans will "buy valuable time" for eurozone banks but has not improved their credit outlook, a director of Standard & Poor's has warned. 23 Dec 2011 Official figures have provided the clearest evidence yet that Britain is heading back into recession after activity in the UK's powerhouse services sector slumped heavily in October. 23 Dec 2011 The economic mood is gloomy, but there are reasons to be cheerful, argues Alistair Osborne. 23 Dec 2011 Hopes that the emerging economies of Asia will come to the West's rescue next year have been dealt a blow after Fitch Ratings downgraded its growth forecasts for the region in 2012 from 7.4pc to 6.8pc. 23 Dec 2011 Consumer spending in America rose by less than expected in November, casting fresh doubt on the country's economic recovery. 23 Dec 2011 Markets enjoy modest pre-Christmas rally as investors shrug off gloom over Asian growth and global economy next year to focus on signs of recovery in the United States. 23 Dec 2011 Official figures have provided the clearest evidence yet that Britain is heading back into recession after activity in the UK’s powerhouse services sector slumped in October at its sharpest rate since April. 23 Dec 2011 The turmoil of the eurozone crisis hit the French economy harder than first thought forcing a revision of the country’s third quarter growth figures down to 0.3pc from 0.4pc. 23 Dec 2011 Top stories: Eurozone, Gold tip, US outlook and home equity. 23 Dec 2011 Top European Central Bank official Juergen Stark says the bank's decision to buy government bonds was the final push for his decision to resign. 23 Dec 2011 Russia's central bank cut its main refinancing rate for the first time since June 2010 on Friday citing uncertainties about global economic growth. 23 Dec 2011 Recovery derailed will almost certainly be the story of 2012. 23 Dec 2011 Markets have had one of their most volatile years ever. Here we guide you through the ups and downs. 23 Dec 2011 Inflation could be the one relative bright spot for the British economy in 2012, as it is widely expected to slow following a year characterised by high inflation and squeezed incomes. 23 Dec 2011 Households remain on course for the sharpest fall in incomes in 34 years despite a small improvement in family finances over the three months to September, official figures show. 22 Dec 2011 Foreign minister Alain Juppé claims that France's recent acrimony with Britain over Europe is finished, while mixed US data fails to signal recovery in the world's biggest economy. 22 Dec 2011 Standard & Poor’s (S&P) has risked further criticism after the ratings agency was forced to retract a ‘downgrade’ for US investment bank Goldman Sachs. 22 Dec 2011 Sir Mervyn King has used his position as vice-chairman of Europe's "early warning watchdog" to warn that the developing debt crisis is causing a dangerous "dependence on central banks". 22 Dec 2011 The French government tries to calm war of words with Britain but insists that London, not Paris, had caused the dispute. 22 Dec 2011 Wall Street seized on fresh evidence America's labour market is improving, even as the pace of growth the world's largest economy notched up last quarter was revised downwards. 22 Dec 2011 The US economic grew at a slower pace than previously estimated in the third quarter, after a sharp drop in healthcare spending, but weekly unemployment figures fell to the lowest level in three and a half years. 22 Dec 2011 Despite revised GDP figures, Shadow Treasury Chief Secretary Rachel Reeves says the UK economy is still sluggish because the Government is cutting "too far, too fast". 22 Dec 2011 UK third-quarter GDP growth has been revised from 0.5pc up to 0.6pc by the Office of National Statistics. Doomsayers have dismissed the 20pc rise in GDP growth as irrelevant - sod all of sod all. 22 Dec 2011 Figures show it'll be cheaper to pass the port and skip the cream crackers. Cheer up, it’s Christmas - and look, even the UK economy is growing. Third quarter GDP figures show that we beat the hoped-for expansion of 0.5pc in the three months to September and grew by 0.6pc instead. 22 Dec 2011Economics
The latest news, analysis and comment on the UK and global economy.
ECONOMICS NEWS
ECB's €489bn will 'buy valuable time' but is no debt bazooka
UK recession warning as services shrink
The economy: from despair to hope
Asia growth downgrade hits recovery hopes
Weak consumer spending hits US growth hopes
Debt crisis: as it happened December 23, 2011
Recession warning as service sector shrinks
France revises down third quarter GDP growth
Will gold rise in 2012?
Juergen Stark admits ECB bond buying forced resignation
Russia cuts interest rates for first time since June 2010
Predictions: economic recovery
FTSE 100 over the past year
Predictions: the end of high inflation
Household incomes to hit 34-year low
Debt crisis: as it happened December 22
S&P's second Goldman downgrade clanger
King: dangerous 'dependence on central banks'
UK started war of words, says French minister
Positive US jobs data offsets surprise fall in GDP growth
US growth revised down but jobless claims fall
Labour: GDP figures 'not good news'
What can you buy for 0.1pc of GDP?
Christmas dinner costs rise as much as 50pc, says ONS
UK GDP figures are more cod's roe than caviar
Sunday, 25 December 2011
22 Dec 2011
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