Official figures show recession was deeper than believed and double-dip downturn is a real threat
On the face of it, today’s official bulletin on the state of the economy was a bit of a damp squib. The delay in publishing the third estimate of growth in the first three months of 2010 had raised speculation that [...]
Posts Tagged ‘bank of england’
Slow growth of UK economy is likely to be as good as it gets
July 12th, 2010 by Financial Writer
Tags: bank of england, consumer spending, economists, european union, financial system, inflation, interest rates, recession, uk economy, unemployment
more...Europe presents main threat to global recovery, IMF says
July 8th, 2010 by Financial Writer
Europe’s weakened economy is now the central threat to global recovery, as its countries struggle with heavy debt, banks face a reckoning over their lack of capital and growth is slowing, the International Monetary Fund said Wednesday in its first assessment of the world economy since a crisis over government borrowing in Greece.
While the agency [...]
Tags: bank of england, economic growth, european central bank, european economy, financial crisis, global financial markets, global recovery, IMF, interest rates, world economic
Wall Street Traders Return and Start Buying
July 6th, 2010 by Financial Writer
Traders returned to Wall Street on Tuesday from a long holiday weekend and promptly began to buy.
Shares in Europe and Asia were also higher as investors tried to recover losses that piled up after a string of disappointing economic reports.
The jump as investors looked past a report that growth in services businesses slowed last month. [...]
Tags: bank of england, bank stock, businesses, consumer spending, Dow Jones Industrial, economic growth, economic reports, economists, european central bank, investors, Nasdaq composite, wall street, world economic
Dollar flat as ECB, BoE leave rates unchanged
November 5th, 2009 by Financial Writer
The dollar was nearly flat Thursday after the European Central Bank and Bank of England left their respective key interest rates unchanged.
Higher interest rates can support a currency as investors transfer funds in search of better returns. The ECB and BoE maintained their rates at 1 percent and 0.5 percent, respectively, higher than the Federal [...]
Tags: bank of england, dollar, dow jones, economists, euro, stock market