Economic News
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European banks can weather market turmoil, says S&P
Tuesday 21 Mar 2023
(Sharecast News) - European banks can weather the recent market turmoil, according to Standard & Poor's. Read More
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Europe construction output shows healthy growth in January
Tuesday 21 Mar 2023
(Sharecast News) - Construction output in Europe showed significant growth in January compared to the previous month, According to data from Eurostat, the statistical office of the European Union, rel... Read More
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German investor sentiment deteriorates in March - ZEW
Tuesday 21 Mar 2023
(Sharecast News) - German business sentiment deteriorated more than expected in March amid concerns about the banking crisis, according to a survey released on Tuesday by the ZEW Center for European E... Read More
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UK government borrowing hits record for February
Tuesday 21 Mar 2023
(Sharecast News) - UK government borrowing hit a record high for February due to the energy support scheme, according to figures released on Tuesday by the Office for National Statistics. Read More
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UK workers '£11k worse off since 2008' due to stagnant wage growth
Monday 20 Mar 2023
(Sharecast News) - British workers are £11,000 worse off a year after 15 years of "unprecedented" wage stagnation and economic policy failure, the Resolution Foundation think tank said on Monday. Read More
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German economy to shrink in Q1
Monday 20 Mar 2023
(Sharecast News) - The German economy is expected to contract in the first quarter, according to the Bundesbank. Read More
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Eurozone trade narrows in January on weaker imports
Monday 20 Mar 2023
(Sharecast News) - The single currency bloc's shortfall on trade in goods with the rest of the world narrowed at the start of 2023, but only because imports fell more quickly than exports. Read More
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PBoC maintains loan prime rates as expected
Monday 20 Mar 2023
(Sharecast News) - The People's Bank of China announced on Monday that it will maintain current loan prime rates (LPR) for both one- and five-year loans, following a 0.25 percentage point cut in the r... Read More
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Ofwat tightens stance on dividend policies
Monday 20 Mar 2023
(Sharecast News) - Water industry watchdog Ofwat will halt the payment of dividends by water company if it tests their financial resilience and take action against group's that fail to link dividend p... Read More
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UK house prices up 0.8% in March
Monday 20 Mar 2023
(Sharecast News) - UK property asking prices rose by 0.8% in March from the prior month and showed signs of stabilising after last year's 'mini-budget' that created severe market volatility, according... Read More
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UK only G7 member to see economy shrink this year, says OECD
Friday 17 Mar 2023
(Sharecast News) - The UK will be the only industrialised country other than Russia to see its economy shrink this year, according to projections from the Organization for Economic Cooperation and Dev... Read More
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China's central bank trims reserve ratio earlier than expected
Friday 17 Mar 2023
(Sharecast News) - China's central bank, the People's Bank of China, announced on Friday that it will be cutting the reserve requirement ratio (RRR) for all banks, except those with a 5% ratio, by 25-... Read More
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Eurozone inflation eases as expected in February
Friday 17 Mar 2023
(Sharecast News) - Annual inflation in the eurozone eased in February but core inflation continued to rise, according to data released on Friday by Eurostat. Read More
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UK faces higher taxes, lower living standards after Budget, say think tanks
Thursday 16 Mar 2023
(Sharecast News) - Britons face a decade of lower living standards and poorer public services while paying higher taxes, leading think tanks warned on Thursday after the government's spring Budget. Read More
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UK avoids recession, but living standards plunge, taxes rise - OBR
Thursday 16 Mar 2023
(Sharecast News) - Britain's economy is forecast to avoid a recession in 2023, but living standards are still set to record their biggest two-year fall in seven decades, while the tax burden also incr... Read More
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UK to avoid recession as Hunt unveils 'budget for growth'
Wednesday 15 Mar 2023
(Sharecast News) - The UK will avoid a technical recession this year with inflation falling below 3%, the chancellor of the exchequer confirmed on Wednesday, as he unveiled a 'budget for growth'. Read More
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UK's Hunt abolishes lifetime pension allowance
Wednesday 15 Mar 2023
(Sharecast News) - UK Finance Minister Jeremy Hunt said he was abolishing the lifetime pensions allowance. Read More
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NY manufacturing activity deteriorates sharply in March
Wednesday 15 Mar 2023
(Sharecast News) - Manufacturing activity in the New York region deteriorated sharply in March, according to data released on Wednesday. Read More
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China's economy shows signs of recovery
Wednesday 15 Mar 2023
(Sharecast News) - China's economy strengthened in the first two months of 2023, official data showed on Wednesday, after the end of Covid restrictions boosted consumer spending. Read More
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UK govt u-turns to extend energy bill support scheme by 3 months
Wednesday 15 Mar 2023
(Sharecast News) - The UK government has bowed to pressure from campaigners and u-turned on plans to axe support for household energy bills as another price rise in April threatened to put some famili... Read More
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