British GDP growth

Britain’s Calamitous Economy and A Cautionary Tale

July 25, 2012

According to the Cameron government’s first estimate, British real GDP contracted for a third straight period in the second quarter and at an intensifying annualized rate of 2.7%.  That drop was twice as rapid as the pace sustained from October 2011 to March of this year and depressed on-year growth to negative 0.8% from four-quarter […] More

Attention on FOMC and Davos

January 25, 2012

The annual World Economic Forum in Davos opens today with a speech from German Chancellor Merkel.  A PSI agreement between Greece and holders of its debt still hasn’t been reached.  The FOMC releases its policy statement at 17:30 GMT.  This will be followed by forecasts including the interest rate expectations of individual members, and Fed […] More