Nato and Europe must be ‘stronger,’ JP Morgan’s Dimon tells Davos Banking The world’s most influential banker has said the world is “simply not safe” and called for a stronger Nato and Europe in a chilling warning to the economic elite at Davos. Speaking at the World Economic Forum, JP Morgan’s top boss Jamie Dimon said the eyes of the world “woke up” after Russia’s invasion of [...]
Mood towards global economy remains sour Markets Fund managers are expecting inflation to rise over the next year as the mood towards the global economy coarsens. Over 40 per cent of fund managers believe the global economy is set to weaken over the next 12 months, with US economic policy and weaker consumer demand seen as the largest forces dragging it down, [...]
If crises are the test of a nation, Western Europe is failing Opinion The financial crisis and the pandemic have shown how modern Europe deals with crises. And it's not pretty, writes Paul Ormerod.
ECB cuts interest rates for fifth time after growth underwhelms January 30, 2025 The decision to cut rates by 25 basis points was widely expected by investors, and means the benchmark interest rate stands at 2.75 per cent.
Brexit hit to UK trade not as bad as first thought December 18, 2024 The negative impact Brexit had on UK trade may have been softened by big firms adapting to EU barriers, fresh research from a top London university has shown. A report from the Centre for Economic Performance, linked to the London School of Economics, found that “in the short run, aggregate trade proved moderately resilient” to [...]
UK economy to ‘grow twice as fast’ as Europe in 2025 December 5, 2024 The UK economy is set to grow twice as fast as its European counterparts next year thanks to the flurry of spending measures announced in October’s Budget, a top bank has forecast. Britain’s gross domestic product (GDP) will increase by 1.4 per cent next year, analysts at ING said in the bank’s annual economic outlook, [...]
Eurozone grows faster than expected but Germany faces recession threat again July 30, 2024 The eurozone grew slightly faster than expected in the second quarter, but Germany slumped back into contraction as Europe’s largest economy faced the threat of recession again. Figures released today by Eurostat showed that the eurozone grew 0.3 per cent in the second quarter, matching the pace of growth in the first quarter and slightly [...]
ECB to cut interest rates but path beyond June ‘still open’ June 6, 2024 "The rationale behind the cut will be to very gradually reduce the level of monetary policy restrictiveness without ending restrictiveness," Carsten Brzeski, ING's global head of macro said.
