Tag: growth

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EU growth forecast cut as war in Ukraine fuels inflation

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The growth prospects for the EU have been revised sharply downwards after Russia’s invasion of Ukraine put paid to hopes of a strong and sustained recovery from Covid-19 over the next two years. Rocketing energy price...

Eurozone growth slips as Russia-Ukraine war pushes up energy costs

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Warning lights are flashing in the eurozone economy, with first-quarter growth in France stalling and shrinking in Italy, as Russia’s war in Ukraine drives up energy costs across the continent. Figures from Eurostat, ...

IMF cuts global growth forecast over Ukraine war

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The International Monetary Fund has cut its global growth forecasts because of the war in Ukraine, warning that Russia’s invasion could lead to the fragmentation of the world economy into rival blocs. In a half-yearly...

Boris Johnson says India visit will focus on jobs and economic growth

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Boris Johnson has said his long-awaited visit to India this week will focus on “the things that really matter” to the people of both countries, primarily jobs and growth. Although Tory MPs have been talking up Johnson...

IMF to lower global growth forecasts due to Ukraine war and Covid

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The head of the International Monetary Fund has warned that the global inflationary shock caused by Russia’s war in Ukraine and the ongoing Covid pandemic will lead to lower economic growth this year and next. Kristal...

Covid spending fuelled faster growth in UK economy in late 2021, ONS says

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The UK economy was only 0.1% below pre-pandemic levels after growing faster than previously thought at the end of 2021 because of a rush of coronavirus test-and-trace activities, the latest official data has shown. UK...

House price growth outstrips wages in 90% of England and Wales

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House price rises outstripped wage growth in more than 90% of England and Wales last year, according to official data that prompted talk of a possible full-blown “affordability crisis”. The Office for National Statist...

From nervous first day to winning promotion: how an introvert found personal growth in the workplace

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The first day at a new job isn’t easy when you’re an introvert. I have to prove that I can complete my daily tasks – manning the tills, putting out deliveries, and keeping the store tidy front and back – while also ma...

China sets lowest economic growth target in decades at annual meeting

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China has set its lowest annual GDP target in decades, as premier Li Keqiang warned of a “grave and uncertain” outlook against the backdrop of the coronavirus, a slowing economy and uncertainty over the war in Ukraine...

Record growth, record heat, record drought: how will Las Vegas weather the climate crisis?

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Away from the lights and fountains of the Las Vegas Strip, bulldozers are working overtime as the suburbs of Sin City are bursting out of their seams. Las Vegas is growing at a staggering rate. Clark county, where the...

Gulf between public and private sectors lies behind UK pay growth reports

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Pay growth is picking up, official figures showed this week, but for key workers on the pandemic frontline the champagne is firmly on ice. The detail behind annual pay growth of 4.9% in December revealed the gulf betw...

UK house prices hit record high, but cost of living squeeze will slow growth ‘considerably’ – business live

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Rolling coverage of the latest economic and financial news

UK house prices reach new record but cost of living crisis threatens growth

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UK house prices reached a record high in January according to Halifax, but the lender warned growth is likely to slow “considerably” this year as household finances come under increasing pressure. The price of the ave...

CBI says Britain risks cycle of low growth without higher investment

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Britain risks becoming trapped in a vicious cycle of low growth and high taxation unless the government takes radical steps to boost investment, raise skills, cut red tape and exploit the opportunities of the green ec...

Facebook shares slump 20% amid higher costs and slowing growth

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Meta, the company formerly known as Facebook, became the latest tech company to suffer a dramatic share price slump on Wednesday as it reported higher costs and slowing growth. Reporting its first earnings under its ...

UK factory output growth jumps; grocery inflation rises; record low eurozone unemployment – business live

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Rolling coverage of the latest economic and financial news

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