The labour market is crumbling as coronavirus containment efforts drive a sharp spike in job losses that could have lifted the unemployment rate as much as three percentage points over the last fortnight, to its highest since June 2014. 

April 14,2020

A widely watched and highly influential Institute for Supply Management (ISM) survey of the U.S. manufacturing sector offered up fool's gold to investors on Wednesday just ahead of an oil inventories disclosure that appeared to paint a bleak picture of the economic outlook. 

April 1,2020

Coronavirus impact

Bank of America Merrill Lynch (BofA Global Research) have updated their proprietary consumer survey to take advantage of its real time nature and gauge the hit to the UK economy of the unprecedented lockdown, which the Cebr says could result in a 15% slump in quarterly GDP.

April 1,2020

Current account deficit narrows

The UK current account deficit "narrowed substantially" at the end of 2020 reports the Office for National Statistics, falling to £5.6BN in the final three months of 2019.

March 31,2020

 

The UK economy stalled in the final quarter, Office for National Statistics (ONS) data confirmed Tuesday, ensuring a weak handover to a likely testing year with the first quarter alone seen augering a historic slump in GDP. 

March 31,2020

 

The Bank of England (BoE) left interest rates and other monetary policy settings unchanged Thursday but took stock of a tightening in financial conditions, which is further imperilling the economic outlook despite an unprecedented policy response to the coronavirus crisis and a double-digit devaluation of the Pound.

March 26,2020

The unemployment rate may have risen to its highest level for five years this last week after nearly half a million people were said by the government to have applied for welfare payments in the nine days to Wednesday, underlining the threat posed to the economy by coronavirus containment efforts.

March 31,2020

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