UK Economy Contracts at a Slower Pace Than Originally Reported in the Third Quarter, Shrinking 0.3% Versus 0.4% Initially Estimated
US Commerce Department is Expected to Report This Morning New Home Sales in October Rises 2% from the Prior Month
Japan Exports Fall at its Slowest Annual Rate in a Year in October, Declining 23.2% from a [...]
Despite hopes for an end to the recession, the United Kingdom Office of National Statistics reported yesterday that the UK economy fell into recession for a sixth straight quarter, making it the longest downturn on record.
The UK’s third quarter domestic Gross Domestic Product (GDP) declined by 0.4% from the previous quarter, thwarting hope for anticipated [...]
The Organisation for Economic Co-operation and Development (OECD) came bearing good news for the global economy, except -that is- for the UK. The OECD expects global growth to rebound more quickly than it initially forecasted, but added that the UK economy would contract by 4.7% this year, worse than its previous expectation of 4.3%, and [...]
Microsoft Corp Sales Fall for Second Consecutive Quarter, Dropping 17% to USD 13.1B for its Fourth Quarter Behind Forecasts of USD 14.4B
UK Economy Shrinks by 0.8% in Second Quarter from Previous Quarter, More than Double Economists’ Forecast of a 0.3% Contraction
South Korea Economy Grows by 2.3% in Second Quarter from Previous Three Months, the Biggest [...]
CIT Group Inc to Announce Deal for USD 3B Rescue Financing from Bondholders to Avoid Bankruptcy
National Association for Business Economics’ (NABE) Quarterly Survey Indicates US Economy Appears to be Improving, but Downturn Not Over
UK Economy to Contract 4.5% in 2009, Worse than Government’s Forecast of 3.5% and the Biggest Decline in A Single Year According [...]
The UK Economy has definitely seen better days, as yesterday it reported the worst contraction in 50 years, as the economy shrank by 2.4% in Q01 2009. This was significantly higher than the 1.9% decline previously reported by the Office for National Statistics (ONS).
The revised contraction also exceeded analysts’ forecasts of 2.1%. The Office for [...]
UK Says Economy Shrank by 2.4% in Q01 2009, Sharper than Previous Estimate of a 1.9% Decline and Worst Contraction Since 1958
Japan’s Jobless Rate Jumps to 5.2% in May from 5.0% in April, Highest Level in Almost 6 Years
European Inflation Posts First Annual Decline of 0.1% in June on Declining Energy and Food Costs
General Motors [...]