Economists around the world, from the most liberal free-spenders to fiscal conservative deficit hawks, largely agreed the coronavirus pandemic required a go-big, go-fast policy response to avoid an outright global depression.

Eurozone inflation hit 9.1 percent in August, a record in the history of the single currency and well above the two-percent rate targeted by the ECB.

European markets, euro tumble as Russia fans energy crisis

European stocks rose 2% on Friday, clocking gains for the first time in six days after key U.S.

U.S. stock index futures jumped on Friday after data showed stronger-than-expected jobs growth in August but cooling wage increases and a rise in unemployment rate that eased some concerns about inflation.

Manufacturing activity across the euro zone declined again last month as consumers feeling the pinch from a deepening cost of living crisis cut spending, a survey showed on Thursday, providing more evidence of the growing risk of recession.

Similar dynamics helped fuel the "Great Resignation" -- the surge in employees leaving or switching jobs amid pandemic-related pressures.

It was meant to be Europe's stellar year.

India's e-commerce companies are adding delivery personnel at a rapid pace, fearing a labour shortage might cause them to lose out in one of the biggest annual shopping seasons that begins in earnest next month.

British consumer price inflation is set to peak at 18% - nine times the Bank of England's target - in early 2023, an economist at U.S.

From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases.

Plans for a high-wage, high-growth economy lie in ruins as Britain's Conservative prime minister struggles to answer a cost-of-living crisis, compounded by rising worker unrest.

China's central bank is set to take more easing steps, pressured by a shaky economy that is undercutting jobs, but it faces limited room to manoeuvre due to worries over rising inflation and capital flight, policy insiders and analysts said.

The S&P 500 was trading at its highest level in more than three months on Thursday, extending a rally from the previous session as fresh evidence of cooling inflation further cemented hopes of a smaller rise in interest rates.

US inflation eased slightly in July.

The UK housing market downturn that started in the 1980s saw prices fall in absolute terms for the first (recorded) time, and this continued until 1994.

The Nasdaq rose on Thursday as electric automaker Tesla topped Wall Street's profit target, while the benchmark S&P 500 edged lower due to losses in telecom stocks after AT&T cut its cash flow forecast.

Britain is set to have the lowest economic growth of any Group of Seven country, projections show.

The Bank of Canada on Wednesday is expected to make its largest interest-rate increase since the late 1990s as the central bank hastens tightening to tackle an overheating economy and runaway inflation.

The basic idea is that the consistent ratcheting up of workers' pay to match inflation and cost of living increases leads to firms raising prices to protect their profit margins.

U.S. economic growth could fall below 1% this year and remain sluggish through 2023 as the Fed acts "resolutely" to curb inflation, New York Federal Reserve president John Williams said Friday.

Hopes that the Polish central bank's monetary policy tightening cycle may be nearing its end could be shattered by government policies aiming to support domestic demand and ease the pain of inflation in a pre-election year, economists say.

Six million first-time voters are set to effectively decide whether to extend President Tayyip Erdogan's rule into a third decade or to opt for something they have never known - Turkey under a different leader.

British manufacturing firm Corbetts the Galvanizers used to rely on a stream of workers from Poland and Romania to fill its shop floor, where steel is dipped into a long vat of molten zinc at temperatures of around 450?C (842?F).

Britain's economy is struggling under the strain of two major risks in the form of double-digit inflation and a possible recession, leaving the Bank of England in a dilemma about how much further it should raise interest rates.

Britain's heavy-handed approach to industrial relations has backfired as employees reject its "nonsense" demands for pay restraint and increasingly join unions, the head of the country's biggest trade union umbrella group said.

As interest rates rise, consumers and businesses will find it more costly to borrow to invest and spend, and aggregate demand will fall further.

A series of surprise actions by some of the world's largest central banks fretting about runaway inflation has left bond investors battered.

The pound slumped one percent against the dollar following the announcement, one day after the Federal Reserve hiked US interest rates far more aggressively to fight runaway consumer prices in the world's biggest economy.

Britain's jobless rate rose for the first time since late 2020 and other measures of the country's hot labour market cooled, potentially easing inflation worries at the Bank of England which is due to raise rates again this week.