29 October 2020 German, Eurozone Economies Set for New Contraction, Damage to Grow if Restrictions Prolonged

Germany and Europe's economies are on course for a fresh contraction due to new coronavirus containment measures announced this week, according to Deutsche Bank and Morgan Stanley forecast, althoug…

Read more … →
23 October 2020 Two Weeks of Oxygen Left in Eurozone Economic Coal Mine, Berenberg Estimates, after Services PMI Slides

There are two weeks of oxygen left in the European economic coal mine before the Eurozone’s final quarter rebound fades like a quieting canary, economists at Berenberg suggested Friday, after IHS M…

Read more … →
23 October 2020 September's Recovery for Britain's Bricks and Mortar Retailers Seen Snatched Away in October 

Britain’s bricks and mortar stores caught up with the rest of the retailer class in September when sales rose faster than was expected, taking them above pre-pandemic levels, but fresh coronavirus-…

Read more … →
23 October 2020 Flash PMIs: 'Total Ruin' Awaits Some UK Businesses as Survey Signals Rapid Slowdown

A survey of the UK economy in October points to a rapid slowdown in activity in the wake of fresh regional lockdowns.

Read more … →
22 October 2020 Chancellor Wins Praise for Rethink of New Support Scheme but More Could Still be Needed this Winter

HM Treasury won plaudits Thursday for revamping new support schemes for jobs and businesses undermined by government restrictions, but even this may not be enough to prevent a winter spike in unemp…

Read more … →
21 October 2020 Surge in Job Applications Herald Jump in Unemployment as Furlough Scheme Winds Down

A leading online jobs portal is reporting a jump in job application volumes, confirming economist expectations for a surge in unemployment at the end of the month when the government's Jobs Retenti…

Read more … →
21 October 2020 The UK's Debt Burden Surges, Tax Intake Falls but "Markets don't seem to Care One Bit"

The ONS reports the UK's debt pile expanded by a further £36.1BN in September 2020 as the UK Government borrowed significant amounts to fund the associated costs of locking down the country to try …

Read more … →