uk grew by less than expected in q3
The UK economy grew by less than originally thought in the third quarter of the year, according to revisions to official data.
Macro News
-
-
2013 outlook renewed confidence in the eurozone
The past year has been a rollercoaster for Europe, with commentators spending the bulk of it fearing a Greek exit from the eurozone and a disorderly break-up of the single currency.
-
fiscal cliff dominates but us growth hopes persist
Many recent headlines about the US focused on the fiscal cliff – that $600bn package of automatic tax increases and government spending cuts that threatens to send the country back into recession.
-
2013 outlook uk stuck with slow growth
The last year saw the UK mired in a double-dip recession until the Olympic boost helped the economy to finally achieve some growth.
-
have bond markets gone too easy on sovereigns
Fitch Ratings has warned about complacency spreading through fixed-income markets and among policymakers as tentative progress is made in the eurozone debt crisis.
-
inflation unchanged during november
Consumer price inflation was unchanged over November, according to official figures, although it remains above target and could rise again in the coming months.
-
bernanke goes into uncharted territory
Ben Bernanke has expanded the Federal Reserve’s quantitative easing (QE) programme and adopted new thresholds for interest rates, moving the central bank further into uncharted territory.
-
carney suggests dropping inflation targeting
The incoming Bank of England governor has suggested scrapping inflation targeting when attempting to stimulate an ailing economy.
-
gold to reach 2000 in 2013 says bofa ml
Bank of America Merrill Lynch (BofA ML) expects gold to reach $2,000/oz during 2013 on the back of continued monetary easing.
-
cable uk triple dip is real worry
The UK is “clearly” at risk of being hit by a triple-dip recession and could be heading towards a Japanese-style "lost decade", business secretary Vince Cable claims.
-
manufacturing drop suggests triple dip
UK manufacturing output dropped sharply during October, according to the latest data, heightening fears that the country is on the brink of a third recession.
-
warnings sounded over uk aaa credit rating
The UK appears to be closer to being stripped of its coveted AAA credit rating after the Autumn Statement confirmed the scale of the challenges facing the country.
