The clock is ticking in anticipation of an economic slowdown and eventual global recession as inflation rises and productivity falls, Chris Rice, manager of the TM Sanditon European Fund, has said.
The stage is set for a further rate cut by the Bank of England next year as growth slows, economists have said in the aftermath of Wednesday’s decision to hold the rates at 0.25%.
The dollar surged this morning on the back of only the second Fed rate rise since the 2008 financial crisis.
Inflation in the United Kingdom hit a two-year high in November according to the Office for National Statistics.
The Schroders Global Cities 30 index looks at the most desirable places to live across the globe to help those looking to invest in real estate. The “ideal” global city will have: high projected growth, a growing population, excellent infrastructure, skilled workers with disposable incomes and top universities.
Bank of England governor Mark Carney made reference to Karl Marx as he delivered a warning of a backlash against open markets, monetarism and globalisation.
European markets were largely unmoved on Monday morning despite the Italian electorate’s decision to reject Prime Minister Matteo Renzi’s call for constitutional reform.
A relatively healthy 178,000 new jobs were added in the United States during November, further pushing the Federal Reserve towards acting to prevent the economy overheating.
Sterling weakness continued to rock the United Kingdom manufacturing sector in November as further upward pressure on input costs hit home, but demand remained strong.
United Kingdom annualised GDP growth was reported to have held at provisional estimate of 2.3% in the third quarter of 2016 despite the Brexit vote.
In delivering his Autumn Statement this afternoon Chancellor of the Exchequer Philip Hammond announced cuts to growth forecasts and a £23bn fund to tackle a lack of productivity in the British economy.
Politics are the main barrier to broad-reaching – and much needed – infrastructure spending, according to Standard Life Investments (SLI) as it recognises the need for greater fiscal stimulus.
