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UK ECONOMY STAGNATION
Pound is beating 92% of global currencies on UK economic reboundThe pound rose to around $1.29 last week, its highest level in seven months, recording its best week since November versus the dollar. Data...
World growth likely to decline in 2024 even as US avoids recession, FitchFitch Ratings' Global Economic Outlook forecasts a decline in global growth to 2.1% in 2024 from the robust 2023 performance. While 2023 sa...
Soaring UK wages spur inflation risks, says BoE chief economistGovernor Andrew Bailey said it's too early to talk about the possibility of reducing interest rates, Pill said “more persistence in wage an...
UK services growth cools to six-month low in July: PMIGrowth in British services companies decelerated in July to the slowest pace seen since January. The final reading of the UK S&P Global Ser...
Bank of England set to raise UK interest rates to highest level since 2008The Bank of England is expected to raise interest rates by 0.25% to 4.5% as it tackles inflation in the country. It is the bank's 12th rate...
Bank of England signals worst years for growth since great depressionAs the Resolution Foundation think-tank pointed out, Britain is in the midst of the worst 20 years for growth since the Great Depression, a...
UK economy: A crisis in the making for some time, with India trade deal offering hopeEconomic experts agree on the massive scale of the challenge, even as they hold out the prospect of a free trade agreement (FTA) with India...
UK economy nears stagnation as companies report slower demandS&P Global said its index of private-sector growth fell to 50.9 this month. That's the worst reading since the height of the UK lockdown in...
Nobel laureates Joseph Stiglitz and Michael Spence lead new group to tackle world's economic woesA sluggish recovery from the global financial crisis and concerns about globalization have helped fuel a rise of populist movements across ...
Preparing for the post-QE worldPermanent monetisation may be inevitable, given the risks and difficulties entailed in undoing the asset accretion that happened under QE.
At 7.6% growth, India seen racing past ChinaWith this uptick in forecast, India has pulled further ahead of China, which is projected to grow 6.6% and 6.2% respectively in 2016 and 20...
India ranks 18th on most desirable place to work; US on topThe other countries in the top 10, where foreigners said they would like to work include -- France (6th), Australia (7th), Spain (8th), Ita...
Indian economy poised to grow 5.7 per cent this year, says OECDIn its latest interim Economic Assessment report released today, OECD said a moderate expansion is under way in most major advanced and eme...
UK dodges triple dip recession: Relief to George Osborne but the business community is not happyComing as it does on the back of depressing production figures from Europe, George Osborne may feel he has room to celebrate.
- Economists suggest developing nations to have disaster back-up plans
Economists from all over world said that emerging economies should develop disaster back-up plans to keep their economies afloat.
- UK industrial output falls 6% in November
UK industrial production fell 6 per cent in November compared with a year ago, though it rose 0.4 per cent higher from in October, official...
- India, China can grow despite crisis: UK think-tank
India and China may be relatively less impacted by the ongoing global financial crisis. With the India story still strong, cash-rich sovere...