GDP: When is no growth in the economy a good thing? November 10, 2023 Ministers may have breathed a sigh of relief today as the UK economy narrowly dodged recession in the third quarter of the year after eeking out minor growth in September and August.
UK economy avoids recession edge as GDP shows no growth November 10, 2023 The ONS said services fell by -0.1% per cent, construction grew by 0.1 per cent and production was flat at 0.0 per cent, as the UK economy appeared to remain stagnant.
Monetarists warn of ‘severe recession’ and risk of deflation as money supply falls November 9, 2023 Monetarists are warning that the UK is facing a "severe recession" as the money supply falls sharply in the face of the Bank of England's interest rate hikes.
FTSE 100 close: London powers into the green thanks to strong performance from Auto Trader and Astrazeneca November 9, 2023 Shares in Flutter sunk after it said it had experienced a downturn in its Australian business. Revenue fell 18 per cent year-on-year due to regulatory hurdles and a "challenging racing market".
Huw Pill says Bank of England needs to ‘maintain restrictive stance’ amid debate about rate cuts November 9, 2023 Huw Pill's comments today were more hawkish than earlier in the week when he suggested expectations for summer rate cuts were "not unreasonable".
Falling pork prices drags China back into deflation as recovery continues to stumble November 9, 2023 China's recovery from the Covid lockdowns faced another blow as the economy slipped back into deflation in October.
FTSE 100 close: Markets shrug off Bailey’s rate cut comments as M&S soars November 8, 2023 "The market of course will reach a view it has to reach. So I totally understand that. But we are very clear we’re not talking about that," Bailey said.
China central bank: Don’t worry about growth – we’ll clear five per cent November 8, 2023 China will surpass its 5 per cent growth rate target, the country's central bank chief has said
Increasing signs of slack in UK’s labour market as firms report growing pool of workers November 8, 2023 The survey showed that starting salary inflation slipped to a 31-month low, although it remained "sharp".
IMF upgrades China’s GDP growth forecasts despite real estate crisis November 7, 2023 China's economy is set to grow 5.4 per cent this year, having made a "strong" post-Covid recovery, the IMF said on Tuesday.