Global Economy

The BIS wants central banks to follow the lead of the Fed headed by Ben Bernanke

Central banks must push recovery policies back to governments

The Bank for International Settlements, known as the "central banks central bank" warns that artificial stimulus needs to come to an end and governments take charge of reforms.

David Cameron chairs the G8 summit next week

Bermuda says no to tax agreement putting G8 consensus at risk

One of the UK's overseas tax territories, Bermuda, is refusing to sign a multilateral tax agreement, undermining David Cameron's aim of reaching a cross-border agreement on the sharing of tax information.

Ben Bernanke: More QE remains an option for the Federal Reserve

Mixed US jobs data means more QE remains an option

The US added 175,000 new jobs in May but the unemployment rate edged up to 7.6 per cent. The mixed data means that more quantitative easing is still an option.

The OECd has published its latest global economic forecast

OECD forecasts UK economy will grow faster than eurozone

The OECD says the UK economy will grow by 0.8 per cent in 2013 and by 1.5 per cent in 2014, less than previously forecast but better than the eurozone where the economy is expected to contract.

The OECD says the UK economy is recovering

OECD says UK will return to normal growth of 2% this year

The Organisation for Economic Co-operation and Development (OECD) expects the UK to recover and reach its long term growth rate of two per cent later this year.

Chairman of the Federal Reserve, Ben Bernanke

King: "More twists and turns" before global economic crisis ends

The Governor of the Bank of England, Sir Mervyn King, was warned that he expects more "twists and turns" before the global economic crisis is over.

The G20 pledges corporate tax crackdown

Osborne calls on G20 to work together to combat tax avoidance

The G20 group of countries has pledged to work together to ensure that global companies pay the right levels of tax to the countries they have earned the profits in.

Good news for the US today on jobs and manufacturing output

US manufacturing at 9-month high as 157,000 jobs added in Jan

The United States economy added 157,000 jobs in January, and manufacturing activity reached a nine month high as the US economy started 2013 on a positive note.

The IMF has published revised forecasts for the global economy

IMF says global growth linked to eurozone revival

In its latest World Economic Outlook report the International Monetary Fund has cut the growth forecasts for most western economies and says the eurozone is heading back into recession.

Unemployment will rise in 2013, particularly for young people, a new report predicts

ILO: Global unemployment to reach record high of 202m in 2013

A new UN report by the International Labour Organization predicts that global unemployment will rise by fove million in 2013 to reach a new record high.

The World Bank predicts flat economic growth globally

World Bank warns global economy will be flat in 2013

The World Bank says that the global economy will grow by 2.4 per cent in 2013 but warns that weak performance in high income western countries is hampering the progress of emerging economies.

A new report says half of all food produced globally is thrown away

Supermarkets hit back over food waste claims

A new report slams the wasteful attitude of consumers who throw away between 30 and 50 per cent of all food despite suffering from the biggest squeeze on finances for 60 years.

The euro debt crisis is hindering the global economic recovery, says the OECD

OECD cuts UK growth forecast due to weak global recovery

The OECD has cut its global and UK economic growth forecasts and says political leaders need to take decisive action in the United States and Europe.

The US Fiscal Cliff is looming

Blog: Will Obama's statement on Fiscal Cliff ease concerns?

President Obama and Republican John Boehner square up with their initial thoughts on dealing with the US Fiscal Cliff today with lots at stake for the global economy.

President Obama has a big challenge on the US economy ahead of him

What is the US Fiscal Cliff and how will it affect the economy

Barack Obama has been re-elected as the US President but he now has to find a solution to the impending tax rises and spending cuts that is the US Fiscal Cliff.

President Obama faces a huge challenge in dealing with the US fiscal cliff

President Obama faces huge task in dealing with US fiscal cliff

Whoever won the US Presidential race was going to face a huge challenge in dealing with the US fiscal cliff before $660b of tax rises and spending cuts are applied with major consequences for the global economy.

NIESR expects the UK economy to grow by 1.1% in 2013

NIESR says UK economy to grow by just 1.1 per cent in 2013

The National Institute of Social and Economic Research warns that the weak international economy will mean UK growth is limited to 1.1 per cent in 2013.

Christine Lagarde, head of the IMF

IMF chief Lagarde calls for "courageous" action on economy

The head of the IMF, Christine Lagarde has called for action to tackle the "terrifying and unacceptable" jobless rates ahead of a joint meeting of the IMF and World Bank.

The IMF has cut its forecast for global economic growth in 2012 and 2013 again

IMF cuts forecast for UK economic growth

The International Monetary Fund says the UK economy will contract by 0.4 per cent in 2012 and has cut its forecast for growth in 2013 to just 1.1 per cent.

Christine Lagarde, head of the IMF

IMF chief warns global economic growth forecasts to be cut

The head of the International Monetary Fund, Christine Lagarde has warned that growth forecasts will be cut as the euro debt crisis and US debt impact the economic outlook.

The euro remains the biggest risk factor affecting the global economy

OECD cuts UK growth forecast as MPs warn there is no quick fix

The Organisation for Economic Co-operation and Development (OECD) says the UK economy will contract by 0.7 per cent rather than growing by 0.5 per cent as it predicted in May.

IMF downgrades Britain's growth outlook

IMF downgrades UK economic growth forecast

The International Monetary Fund has cut its forecast for Britain’s economic growth this year by more than any other developed country.

The ILO advises that global governments focus on reducing youth unemployment

ILO calls for global response to EU jobs crisis

The International Labour Organisation (ILO) has warned that global governments need to form a co-ordinated policy focus on job creation, not austerity measures.

The OECD says the UK economy will grow by 0.5 per cent in 2012

OECD warns UK disposable incomes will fall for two more years

The Organisation for Economic Co-operation and Development (OECD) has warned that inflation will grow faster than incomes in the UK for two more years.

ILO: 'Not a normal employment slowdown'

Fiscal austerity making global job crisis worse, says ILO

There is no recovery in sight for the global jobs situation and austerity measures are making things worse, according to the International Labour Organization.

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