The global economy will grow by around 3pc this year, down from 4pc in 2011. The US should manage a 2pc expansion, while Britain and the eurozone will struggle. A West European recession, the UK included, now looks unavoidable. 31 Dec 2011 A serious global slowdown looks likely in 2012 - or, at least, that’s the way conventional wisdom is shifting. 17 Dec 2011 So, now we know what the latest euro-crisis summit has to offer. The fifth comprehensive effort to stabilise the eurozone in nineteen months, this latest Brussels gab-fest produced a slew of headlines and initiatives. But what did it really achieve? 10 Dec 2011 Europe is at mounting risk of a fresh credit crunch after the eurozone money supply contracted for a second month in November and the volume of private loans began to shrink. 29 Dec 2011 Italy faces a crucial test on Thursday as the technocrat government of Mario Monti launches its first big auction of long-term bonds since a disastrous upset a month ago. 28 Dec 2011 China’s Communist Party is gambling that this year’s tap on the brakes has been just enough to curb the housing boom and stop inflation pushing up to danger levels, but not enough to tip the economy into a hard-landing. 21 Dec 2011 Southern Europe's battered debt markets are basking in a glorious pre-Christmas rally as hedge funds and investors celebrate a blast of cheap liquidity from the European Central Bank. 20 Dec 2011 Spain's new premier Mariano Rajoy has launched a fresh blast of fiscal austerity at his inauguration, describing the national outlook as "desolate" and his task like that of a father feeding four hungry mouths with bread for two. 19 Dec 2011
Liam Halligan
Liam Halligan's column tackles head on the key issues
facing the British and global economy.
LATEST FROM LIAM HALLIGAN
The high price of oil has blocked the West's economic escape route
China may prevent a global recession but it won’t pick up the eurozone’s bills
Eurozone leaders deluded over 'sticking plaster' treaty
Ambrose Evans-Pritchard
Ambrose Evans-Pritchard is International Business Editor of
The Daily Telegraph. He has covered world politics and economics
for 30 years, based in Europe, the US, and Latin America.
He joined the Telegraph in 1991, serving as Washington
correspondent and later Europe correspondent in Brussels.
LATEST FROM AMBROSE EVANS-PRITCHARD
Credit crunch fears as money supply contracts
Bond sale puts Italy to the test
Predictions for 2012: China's growth model tests its limits
Euroland euphoria on Mario Draghi bank rescue
Spain grits teeth yet again as austerity deepens
Sunday, 1 January 2012
Posts
