Economics
Eurozone growth soars by record 12.7% as IMF cuts growth predictions for UK
The European rebound was the largest increase since statistics started in 1995.
Squashing the sombrero of recovery? IMF cut UK growth due to Covid & Brexit
Experts at the body said the initial sharp economic rebound was also being hurt by rising unemployment and stress on corporate balance sheets.
World beating? UK is worst hit major economy now 21.8% smaller than late 2019
“It is clear that the UK is in the largest recession on record."
Repressionomics: Get ready for the new permanent austerity
Government and corporations will again balance the costs of a long-term stimulus on the backs of the poor
Government debt hits £2 trillion for the first time ever
Debt was more than 100 per cent of GDP for the first time in 59 years, the Office for National Statistics said.
How will Brexit impact Britain’s battered economy?
If a “typical” free trade agreement is struck with Brussels, the Office for Budget Responsibility predicted a 5.2 per cent loss of potential GDP over the next 15 years after Brexit.
Bank forecasts show no v-shaped recovery in UK economy
Analysts also said the central bank could increase asset purchases later this year to deal with the impact of the virus.
UK unemployment rate could hit 15% after second Covid wave
Global jobless levels may end up being more comparable to those of the 1930s than 2008, officials said.
V-shaped economic bounceback could be short-lived, economist tells MPs
The IMF chief economist said going forward she thinks ‘we could end up with a much more flat’ recovery.