News - Economics / Markets

Citigroup says 'Grexit' may occur on 1 January, 2013

IFAonline | 25 May 2012 | 10:10

Citigroup's top economist Michael Saunders has forecast Greece will exit Europe's single currency on 1 January 2013, and its new currency will immediately depreciate by 60%.

Greek euro symbol
ward-simon

Ward: UK GDP fall could trigger £50bn more QE in June

The worse-than-expected decline in UK GDP is likely to spur the Bank of England into injecting another £50bn into the economy next month, said Henderson's Simon Ward.

IFAonline | 25 May 2012 | 07:30
arrowdown

UK recession worse than feared as GDP revised down

The decline in UK GDP growth in the first quarter of 2012 was today revealed to be worse than expected, after the Office for National Statistics reported a worse than feared fall of 0.3%.

IFAonline | 24 May 2012 | 09:43

Other News - Economics / Markets articles

andrew-bailey2

Free banking 'myth' must end, says PRA chief-in-waiting

The notion of free banking is a “myth” that may ultimately encourage the mis-selling of financial products, Bank of England executive director Andrew Bailey has said.

IFAonline | 24 May 2012 | 07:50
will-angela-merkel-germany

EU leaders: we want Greece to stay

German Chancellor Angela Merkel and other senior European Union (EU) officials last night called on Greece to shelve plans to quit the single currency and urged it to see out its austerity programme.

IFAonline | 24 May 2012 | 07:30
Facebook

Investors sue Morgan Stanley and Facebook over IPO

Massachusetts Secretary of Commonwealth William Galvin has reportedly issued Morgan Stanley with a subpoena as part of an investigation into Facebook's IPO, while two investors are taking legal action against Facebook, Nasdaq and Morgan Stanley following the botched market debut.

IFAonline | 23 May 2012 | 15:20
View of the London Stock Exchange from above

FTSE moves below 5,300 as equities slump again

European equity markets have given up all yesterday’s gains as investors remain on the back foot ahead of today’s EU summit.

IFAonline | 23 May 2012 | 11:00
Bank of England artwork

Dismal data disappoints as Bank hints at more QE

April UK retail sales have come in well below forecast as Bank of England minutes have revealed many MPC members are considering voting for further quantitative easing.

IFAonline | 23 May 2012 | 10:10
garment-manufacturing-china

World Bank cuts China growth forecast to decade low

The World Bank has cut its economic growth forecast for China this year from 8.5% to 8.2%, which would be its weakest level in more than a decade.

IFAonline | 23 May 2012 | 07:49
Vince Cable

Cable 'not fit for office', says Adrian Beecroft

Business secretary Vince Cable is a "socialist" who should have never been given responsibility for business policy, Adrian Beecroft has claimed.

IFAonline | 23 May 2012 | 07:38
George Osborne is the UK Chancellor of the Exchequer

Osborne: UK preparing for Greek exit

Chancellor George Osborne has said the UK government is making contingency plans for a Greek exit from the euro as the crisis in the region reaches a “critical” point.

IFAonline | 22 May 2012 | 13:45
Christine Lagarde

IMF urges UK to cut interest rates

The International Monetary Fund (IMF), headed by Christine Lagarde, has urged the UK to consider introducing more quantitative easing and cut interest rates.

IFAonline | 22 May 2012 | 11:05
Inflation rate

UK inflation posts surprise fall to 3% in April

Inflation in the UK dropped in April, beatings the consensus forecast.

IFAonline | 22 May 2012 | 09:40

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