UK GDP grew 1.9% in 2013, a six-year record
In 2013, the UK GDP grew by 1.9%, its fastest growth since 2007, but economic output is still 1.3% short of its level in...
Turkish lira falls sharply, emergency meeting called
The Turkish lira has fallen steeply against the dollar and euro today, triggering a call for an emergency meeting of the country’s central bank’s...
Circular economy can create 100,000 jobs and generate $1 trillion
A shift towards a circular economy could generate 100,00 new jobs and $1 trillion annually for the global economy by 2025, according to a...
Fragile European economy, Draghi says
We still have a fragile European economy, the European Central Banks’ president, Mario Draghi, said at the 44th World Economic Forum Annual Meeting at...
Emerging market worries bear down on Wall Street
Emerging market worries sent stocks down in Wall Street by over 2%, down 318.24 points to 15879.11, a five-week low.
The S&P 500 fell 2.1%,...
US GDP growth widespread across industries
The Bureau of Economic Analysis has issued a new and more detailed report on US GDP growth across a range of industries in 2012.
The...
US 2014 growth forecast good, Treasury Secretary Lew says
The US 2014 growth forecast is good, says US Treasury Secretary Jacob. J. Lew, who expects GDP (gross domestic product) growth of 3% this...
Argentine peso nosedives
The Argentine peso fell 11% against the US dollar on Thursday, its largest one-day drop in twelve years, i.e. since the country's 2002 financial...
The BRICS countries are still a force
Have the BRICS countries had their day? Their leaders say they should not be counted out, even though they have been negatively affected to varying...
Europe must do more for economic recovery, big business urges
Although break-up speculation has lessened, stock prices have risen and credit spreads have narrowed, Europe must do more to encourage the economic recovery, say...