Fragmentation could cost global economy up to 7% of GDP: IMF
The note said that the global flows of goods and capital had leveled off after the global financial crisis of 2008-2009, and a surge in trade restrictions seen in subsequent years.
Inflation
FTSE 100 nears record high as inflation fears ease
Blue-chip stock index ends week 1% off all-time best as markets across Europe rise amid falling energy pricesThe UK’s FTSE 100 share index approached a record high on Friday, as European markets were lifted by hopes that the inflation shock from energy…
European Parliament Plenary Session – January I, 2023
After a run of difficult years, Members of the European Parliament begin 2023 with a full agenda and some thorny issues to be grasped.
The UK may avoid a recession for now but it won’t feel like it for many
Jeremy Hunt is not getting carried away by November growth, and monthly GDP moves can be erraticUK economy grew by only 0.1% in NovemberBusiness live updates: UK may avoid 2022 recessionIn normal circumstances the fact that the UK economy eked out a bi…
US prices dropped in December for first time since May 2020 as inflation rate fell to 6.5%
According to latest consumer price index, cost of living dropped 0.1% in December while inflation rate fell from 7.1% in NovemberPrices dropped in the US in December for the first time since May 2020, in an encouraging sign that the inflation crisis ma…
M&S enjoys a bumper Christmas with best ever food sales
Chain recorded biggest share of clothing and homewares market in seven years as Tesco reports festive bonanzaMarks & Spencer took its biggest share of the clothing and homewares market in seven years and the largest slice of the food market ever ov…
Biden ‘Economic Advisor’ Dismisses Recession Fears: ‘I Like Where I Am On That’ #MaryPatriotNews #AmericasMediaWatchdog #MediaResearchCenter #MRCTV [Video]
Once upon a time, one had to watch The Wonderful World of Disney, or, more recently, Game of Thrones to gaze at fantasy, but viewers of the Jan 6 edition of Fox News The Story, with Martha MacCa
Jobs and retail sales hold up in resilient Australian economy despite 2023 growth fears
Consumer prices rose 7.3% in the year to November, boosting the chances of another RBA interest rate rise in FebruaryFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastAust…
Bank of England warns high inflation could last longer than expected
Chief economist says risks remain despite fall in wholesale energy prices and UK on brink of recessionThe Bank of England’s chief economist has warned high rates of UK inflation could persist for longer than expected, despite a fall in wholesale energy…
UK manufacturers fear blackouts and job losses after energy subsidy cut
Impact of reduced state support with company power bills could prompt job cuts, warns industry bodyAlmost two-thirds of manufacturers in Britain fear blackouts this winter amid the fallout from the energy crisis, according to an industry survey, as con…