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Economics News and Commentary |
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News: BBC News: Economy
Rebuilding spurs Japan economy
Japan's economy grows by 1.0% between January and March compared with the previous three months, official figures show.
Chinese gold demand hits record
Chinese demand for gold hit a record in the first quarter of 2012 and it remains the world's biggest market for gold, the World Gold Council says.
Bank warns of euro crisis 'storm'
The Bank of England warns that the eurozone is "tearing itself apart" with the "storm" threatening the UK recovery, as it cuts its forecast for growth this year.
UK unemployment falls by 45,000
UK unemployment fell by 45,000 to 2.63 million in the three months to March, according to the Office for National Statistics.
Euro at four-month low on Greece
The euro hits a fresh four-month low against the dollar as political uncertainty in Greece fuels speculation it could leave the single currency.
Manufacturers 'need more support'
UK manufacturers want the government to offer more support rather than "empty rhetoric", a new survey by business advisers BDO says.
Greece pays bond swap hold-outs
Greece agrees to pay off some of the investors who rejected its bond swap earlier this year.
Eurozone economy avoids recession
The eurozone avoids returning to recession after recording zero economic growth in the first three months of the year, figures show.
UK trade deficit narrows in March
The UK's overall trade gap in March narrowed to £2.7bn, but the deficit for trade in goods alone was unchanged at £8.6bn, official figures show.
US April retail sales in slowdown
US retail sales barely grew in April, rising 0.1% compared with a gain of 0.7% the month before, while consumer prices stayed unchanged.
Foreign investment in China slips
Foreign direct investment in China falls for a sixth straight month in April, as worries persist over the health of the country's economy.
Osborne: Greek euro talk damaging
Open speculation about whether Greece can remain a member of the eurozone is "damaging" for the whole of Europe, Chancellor George Osborne says.
India to cut Iran oil imports 11%
India says it will cut imports of Iranian oil by 11% in the current financial year as it continues to face pressure from the US.
Africa 'must boost food output'
The United Nations Development Programme says Africa needs to boost agricultural productivity if it is to sustain its economic boom.
Iceland refunds to councils rise
More than half of the money lost by UK councils following the collapse of Icelandic banks has now been recovered.
VIDEO: How can countries go bust?
How can countries or governments go bust?
VIDEO: Why do banks go bust?
We've all become acutely aware in recent years how easily a big bank can reach the point of collapse. But why does it happen?
VIDEO: What is the IMF?
The International Monetary Fund touches a raw nerve in many developing countries, and is now doing the same in some European ones.
VIDEO: What is Quantitative Easing?
Central banks, including the Bank of England / the US Federal Reserve, are using "quantitative easing" to bolster their economies, but what is it?
VIDEO: What is austerity?
Greece provides a lesson in how raising taxes and cutting spending can be a painfully uphill, and even self-defeating, task.
VIDEO: What are bonds?
When a government or a big company wants to borrow money, it issues what is known as a "bond" - but what exactly is it?
The euro’s survival 'requires political union'
The day the ECB saved the Eurozone's banks
The rise of underemployment
The growing problem of underemployment
Why female unemployment has risen
Why women's joblessness is rising faster than men's
How would Greece leave the euro?
How would Greece actually leave the euro?
Homeland calling UK's Brazilians
Why UK's Brazilians feel the urge to return home
What would a growth agenda look like?
What can governments do to promote growth?
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