Economy

US facing ‘economic hurricane’ as inflation continues to rise with 1970s style energy shock on the horizon

US facing ‘economic hurricane’ as inflation continues to rise with 1970s style energy shock on the horizon

JPMorgan Chase CEO Jamie Dimon said this week that the U.S. economy was facing an “economic hurricane” in the near…

June 3, 2022, 12:19 am, BST

US inflation climbs 8.5% in March - biggest rise since Reagan era

A sharp rise in US inflation data of 8.5% in March comes after the index jumped 7.9 percent in February,…

April 12, 2022, 11:41 pm, BST

U.S. inflation data reveals fastest price rises in 40 years

The U.S. is experiencing its fastest increase in inflation since February 1982.

February 11, 2022, 11:08 am, GMT

U.K. recovers from pandemic as economy grows 7.5% in 2021, fastest since WW2

U.K. GDP figures released today reveal that the economy expanded at 7.5% in 2021, following its worst recession in a…

February 11, 2022, 10:58 am, GMT

U.S. economy races ahead despite Omicron impact

Employers in the U.S. added a total of 467,000 jobs in January according to the latest statistics from the Labor Department.

February 5, 2022, 7:24 pm, GMT

India to introduce Digital Rupee to bolster economy using blockchain technologies

India has announced it will introduce a central bank digital currency that will be set up in 75 districts and…

February 1, 2022, 12:29 pm, GMT

German economy shrank in Q4 of 2021 as new GDP figures show worsening outlook

Germany’s economy suffered a setback in the fourth quarter of 2021 as newly revised figures released on Friday show a…

January 28, 2022, 5:21 am, GMT

UK will be fastest growing G7 economy in 2022 - IMF

The latest economic data released this week by the IMF reveals that Britain is set to grow at a faster…

January 27, 2022, 1:22 pm, GMT

IMF forecasts lower than expected global economic growth as U.S. and China stall

The world’s two biggest economies are weighing on global growth as the IMF’s latest forecast downgrades the recovery’s momentum.

January 25, 2022, 11:08 am, GMT

Energy price rises set to hit UK economic growth as businesses urge swift action to protect consumers

Britain’s leading business groups have urged swift government action in the face of substantial energy price rises.

January 22, 2022, 8:13 am, GMT

Inflation at highest point since 1992 as UK battles rising costs

Inflation skyrocketed to 5.4% in December adding speculation that the Bank of England may need to more rapidly increase interest…

January 19, 2022, 11:37 am, GMT