Sunday, 3 June 2012

Economics

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

Click here to find out more!

ECONOMICS NEWS

Debt crisis webchat: put your questions to Ambrose Evans-Pritchard

Would Greece be better off outside the eurozone? Can Europe walk the fine line between austerity and growth? What will Germany’s role be in all this? Put your questions to Ambrose Evans-Pritchard in a special debt crisis webchat.

03 Jun 2012

'Osborne lacks vision, Cable's not up to the job'

The Government is struggling to find a growth policy and has a Business Secretary who is not up to the job, according to Lord Sterling, the former chairman of P&O and close confident of Baroness Thatcher.

02 Jun 2012

| 102 Comments

Debt crisis: as it happened June 1, 2012

Stock markets fall sharply with weak US job growth adding to worries about health of global economy after a slump in UK and eurozone manufacturing sectors.

01 Jun 2012

| 625 Comments

Stock markets slump as slew of poor data bodes ill for world economy

Fears that the global economy is foundering escalated following a run of poor economic news that sent international stock markets sharply lower.

01 Jun 2012

| 562 Comments

US jobs growth slumps to its weakest in a year

US jobs growth has slumped to its weakest in a year, deepening fears that the world's largest economy is losing momentum just as Europe is mired in recession.

01 Jun 2012

| 127 Comments

Oil drops below $100 on global growth fears

Oil fell to a 16-month low below $100 a barrel on Friday as weak US jobs data, poor manufacturing figures from China and a spiralling euro zone debt crisis deepened worries over the prospects for global economic growth.

01 Jun 2012

| 7 Comments

What to do about climate change?

Physics tells us we are inducing climate change, but economics says we are already doing enough about it, writes Tim Worstall.

01 Jun 2012

| Comment

US jobs growth slows as unemployment rate ticks up: reaction

US jobs growth in May was the weakest in a year and employers added far fewer jobs in the prior two months than previously reported. Here's how economists reacted.

01 Jun 2012

| 6 Comments

US jobs growth weakest in a year

US stocks tumbled Friday, after government data showed employers added far fewer jobs in the prior two months than previously reported, and the unemployment rate rose for the first time in almost a year.

01 Jun 2012

| 3 Comments

UK manufacturing slumps: reaction

Britain's manufacturing sector contracted at the fastest rate in three years in May, signalling the economy is still mired in recession. This is how economist reacted:

01 Jun 2012

| 4 Comments

Eurozone crisis: manufacturing sector shrinks in May

Prospects for eurozone manufacturing sector were bleak after the sector contracted at the fastest pace in almost three years in May and even Germany suffered a large fall.

01 Jun 2012

| 5 Comments

Britain's manufacturing sector shrinks at fastest rate in three years

Britain's manufacturing sector contracted at the fastest rate in three years in May, signalling the economy is still mired in recession.

01 Jun 2012

| 205 Comments

China manufacturing slows as wider economy weakens

China's manufacturing sector weakened in May, two closely watched indices showed Friday, providing further confirmation that the world's second largest economy is slowing more than previously thought.

01 Jun 2012

| 3 Comments

Drop deficit target and inject £6bn, urges BCC

The Chancellor should abandon his cast-iron debt reduction targets and inject up to £6bn into the economy to revive the flagging recovery, according to the the British Chambers of Commerce.

01 Jun 2012

| 79 Comments

The Government must stop navel-gazing and get moving

A stagnant economy at home. A eurozone crisis that threatens our financial system.

01 Jun 2012

| 50 Comments

Debt crisis: as it happened, May 31, 2012

Spaniards are moving money out of their nation's banks faster than at any point since records began, as Fitch downgrades eight regions and ECB President Mario Draghi warns Europe's leaders must clarify their vision for the euro.

31 May 2012

| 606 Comments

Polls predict Irish Yes vote despite low turnout

Secret Irish government exit polls last night predicted a Yes vote in Ireland’s referendum on the EU fiscal pact and eurozone austerity rules, seen as critical for the single currency’s future.

31 May 2012

| 307 Comments

Eurozone is 'unsustainable' warns Mario Draghi

The head of the European Central Bank hit out at the political paralysis gripping the region as he warned the eurozone's set-up was "unsustainable".

31 May 2012

| 367 Comments

Nervous investors pull out almost €100bn from Spain

Almost €100bn (£80.2bn) of cash was pulled out of Spain in the first three months of the year by private and
corporate investors fleeing the advancing financial and political crisis.

31 May 2012

| 28 Comments

Euro is in flames - and there's no fire brigade

From the start, monetary union was a political conceit for which many Europeans are about to pay a devastating economic cost, says Jeremy Warner.

31 May 2012

| 607 Comments

Italy faces a 'year of recession'

Italy is in store for a “year of recession” was the bleak message from the head of the country’s central bank, as he warned a 1.5pc economic contraction might be a best-case scenario.

31 May 2012

| 2 Comments

Eurozone crisis: investors shelter in the safety of German bonds

The eurozone debt crisis has underscored the gulf between the strong and the weak members of the pack, and nowhere is this more evident than in the bond markets.

31 May 2012

| 1 Comment

US growth revised down as jobs data disappoint

Fears that America's economic expansion is losing steam were ignited on Thursday by a blitz of disappointing data.

31 May 2012

| 11 Comments

Spain in a state of 'total emergency'

Spain is in a state of 'total emergency', the country’s former prime minister has warned, with Madrid facing punitive borrowing costs and the prospect of needing a Greek-style bail-out.

30 May 2012

| 20 Comments

European Commission calls for bank union in radical policy shift

The European Commission put itself on a collision course with Berlin by calling for a eurozone "bank union", including collective bail-outs, and a relaxation of the Fiscal Pact rules.

30 May 2012

| 21 Comments