Former chief Brexit negotiator Michel Barnier has said that Britain leaving the EU was a “lose-lose” game. His sly dig at the UK comes after the Eurozone slumped into a recession. Following a steep fall in Germany, Eurostat’s official figures show the
The eurozone entered into a technical recession at the start of the year, according to latest data, which has signalled a loss of growth in the single currency area, with Germany being branded the “problem child” according to an economic analysis company.
Jeremy Hunt admitted he is ready to risk recession if it brings down stubbornly high inflation. The Chancellor said tackling the cost of living crisis is the “only path to sustainable growth”. He backed interest rate hikes being used to calm inflation
Higher than anticipated inflation figures that came out this week could mean that the Bank of England will potentially raise rates. Jeremy Hunt, Britain’s Treasury chief, said that he is prepared to further increase interest rates, even at the risk of sending
Remainers have been mocked by an Irish economist for showing “confirmation bias”, as Germany is hit by a recession. Economist Philip Pilkington accused Remain voters, dubbed “Myopic Remoaners”, of choosing to believe that all of the UK’s economic woes are the result
The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession. Data released Thursday by the Federal Statistical Office shows Germany’s gross domestic product, or GDP, declined by
Experts are warning of the dangers posed by the dispute in the US Congress over the country’s $31.4trillion (£25.2trillion) debt default which may lead to a “cataclysmic” recession. Politicians from across the aisle are working on a deal to borrow more money,
A global recession that makes the 2008 financial crash “look like a tea party” could be unleashed on the world in weeks as the United States battles for a solution to its $31.4trillion debt default. US politicians across rival parties only have
A global recession could be triggered if Democrat and Republican politicians do not resolve the US debt ceiling dilemma. If the country were to reach its debt ceiling, this would mean the Government would be unable to borrow any money. As of
Britain is set to avoid a recession this year although the country will face at least another year of high inflation, new forecasts show. Accountancy firm PwC released the fresh predictions last night, adding another organisation to the list of experts and