The UK economy has “clawed back” about half the fall in output it saw during the…
Category: Economy
CEO of major Asian bank says ‘a big, big challenge’ is looming for the global economy
The economic aftermath of the coronavirus pandemic is likely to worsen when authorities start rolling back…
Chinese economy bounces back into growth
China’s economy grew 3.2% in the second quarter following a record slump. Read more at https://www.bbc.com/news/business-53399999
Why US firms shouldn’t ‘freak out’ yet over Hong Kong
The future of American companies in Hong Kong has been thrown into doubt after Donald Trump…
Asia’s ‘shining star’ suffers biggest ever slump
Singapore’s economy plunged into recession in the last quarter as an extended lockdown hit businesses and…
Taxes will rise to pay for virus, IFS think tank warns
Taxpayers face a day of reckoning when the government’s massive coronavirus support measures have to be…
Japan’s household spending slumps at record rate
Japan’s household spending has slumped at a record pace as measures to slow the spread of…
The UK is in ‘pole position’ for market recovery despite gloomy economic outlook, UBS says
Although the U.K. faces a gloomy economic picture, UBS believes the country’s assets are “heavily undervalued”…
UK firms slash more than 12,000 jobs in two days
More than 12,000 people in the UK are set to lose their jobs after a raft…
Bank of England ‘ready to act’ as economy shrinks record 20%
Bank of England governor Andrew Bailey has said he will be “ready to take action” to…
UK economy could be among worst hit of leading nations, says OECD
The UK is likely to be the hardest hit by Covid-19 among major economies, the Organisation…
Pandemic pushes US into official recession
The economic downturn in the US triggered by the pandemic has been officially declared a recession.…