uk to lose in shift of economic gravity says pwc
The UK will no longer be one of the world’s tenth largest economies in less than 40 years, according to estimates by PricewaterhouseCoopers (PwC).
Macro News
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fitch warns on us debt ceiling delay
Fitch Ratings will consider downgrading the US’ AAA credit rating in the next few weeks if the country fails to raise its debt ceiling in a timely manner.
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in flation holds for third month
UK consumer prices inflation was unchanged for the third month in a row during December, the latest official figures show.
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japan to embark on 10trn stimulus effort
Japan’s new government has unveiled a ¥10.3trn (£72bn) stimulus package to spark a revival in the world’s third largest economy.
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mott extreme monetary policy risks inflation
PSigma’s Bill Mott is becoming increasingly worried that inflation is set to rise further as the central banks persist with “extreme” monetary policy.
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bric economies to crumble warns capital economics
The factors underpinning the rapid growth of the so-called Bric nations are likely to weaken further in the coming years, research by Capital Economics suggests.
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advisers cautious on uk economy
Financial advisers are divided on how they expect the UK economy to perform over the course of 2013 but most fear stubbornly low growth, new research has found.
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disappointing eurozone data shows weakness
A raft of disappointing data has highlighted the economic challenges facing the eurozone, despite the lull in the region’s debt crisis.
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us added 155000 jobs in december
The US labour market showed signs of continued stability during December as employers shrugged off concerns over the fiscal cliff and took on more workers.
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uk services shrink for first time in two years
The UK’s service sector has contracted for the first time in two years, adding to concerns that the economy is heading into triple-dip recession, a closely watched survey shows.
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markets dip on fear of qe ending in the us
The US Federal Reserve has hinted its quantitative easing (QE) programme could be halted by the end of 2013, prompting markets to hand back some of their recent gains.
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fiscal cliff more work to be done allocators warn
The US has averted going off the edge of the fiscal cliff – the $600bn package of automatic tax increases and spending cuts that could have sent it back into recession.