Tag Archives: economy

UK economy to slow down, says European Commission

The UK economy will slow down sharply over the next couple of years says the European Commission. Its latest forecast says the UK economy will grow by just 1.5% this year and by 1.2% in 2018, compared to 2% last year. The Commission says the slowdown is prompted by uncertainty following last June’s Brexit vote in the UK.… Read More »

UK economy grows by 0.6% in fourth quarter

Strong consumer spending helped the UK’s economy to grow faster than expected at the end of last year. The economy grew by 0.6% in the October-to-December period, the same rate as in the previous two quarters, according to an initial estimate from the Office for National Statistics. The figure indicates that the feared economic slowdown following the Brexit… Read More »

UK factory bosses see worse economy but better sales in 2017 – EEF

British factory bosses are downbeat about the outlook for the economy after last year’s Brexit vote even though they expect their sales both at home and abroad to improve in 2017, an industry survey showed on Monday. An annual survey by manufacturing association EEF showed 47 percent of executives in the sector predicted a decline in Britain’s economic… Read More »

US raises key interest rate by 0.25% on strengthening economy

The US Federal Reserve has raised its benchmark interest rate by 0.25%, only the second increase in a decade. The central bank voted unanimously to raise the key rate to a range of 0.5% to 0.75%, citing a stronger economic growth and rising employment. But the central bank said it expected the economy to need only “gradual” increases… Read More »

German economy slows in third quarter

Germany’s economic growth slowed in the third quarter of the year, dented by weaker exports, figures have shown. Europe’s largest economy grew by 0.2% between July and September, half the 0.4% rate seen in the previous three months. This was slower than economists had expected and well below the 0.7% rate recorded in the first quarter. “The development… Read More »

German economy expecting golden autumn, says Ifo head

German business confidence has rebounded to a two-year high in September, according to the closely-watched Ifo survey. The index, which measures the morale of some 7,000 firms, rose to 109.5, from an upwardly-revised 106.3 in August. “The German economy is expecting a golden autumn,” said Ifo head Clemens Fuest. In August, confidence plunged sharply in the wake of… Read More »

Britain to narrowly dodge recession as economy flatlines – Reuters poll

Britain is now expected to narrowly dodge a mild recession that was widely predicted after the country voted to leave the European Union, but the government will still need to add fiscal stimulus to support growth, a Reuters poll found. Before – and soon after – the June 23 referendum economists were almost united in saying a vote… Read More »

‘The economy is sending mixed signals. That is the truth’

Chief Economic Advisor Arvind Subramanian, bottom, left, tells Shekhar Gupta on NDTV’s weekly show Walk The Talk why it is now difficult to do a repeat of 1991. It is one thing to be the chief economic advisor. Do governments take anybody’s advice? Oh, absolutely, I am pleasantly surprised by how much opportunity has been afforded to me.… Read More »