GDP

GDP data from ONS for second quarter revised up as figures improve for construction and manufacturing sectors

PMI data shows continued contraction of private sector output across crisis-hit eurozone, with accelerating decline of powerhouse Germany

Intensified eurozone woes, slowing demand and production, and rising costs hit miners and commodities firms.

George Osborne adds £600m to UK public debt, leaving debt-to-GDP levels soaring, as corporation tax receipts fall amid recession and global slowdown

British households slowly build confidence as employment data, falling inflation and UK economy show signs of improvement.

With even the grumpiest observers hailing London Olympics 2012, were the Games a shining beacon of what sport should be? Or do we already have that with football? Lianna Brinded and Vanessa Keller kick off over the Olympics vs footie debate.

As Office for National Statistics changes mind about data from different sectors of recession-hit UK economy, upward revision of second quarter GDP looks inevitable

Britain valued at £110,000 per person as property values top £4 trillion for first time.

Prime Minister Manmohan Singh promises to revive stalled reforms to push growth.

Office for National Statistics data reveals highest employment rate for four years despite UK recession

Some of Asia’s most important growth economies have the highest financial risk from the threat of natural hazards, says risk analysis firm Maplecroft, just one week after the flooding of Manila, Philippines.

First quarter revision prevents recession, but German Economic sentiment data indicates a tough second half for region's economy.

Soaring air fare and eased clothing discounting pushed UK CPI inflation up in July

Europe's largest economies stall as debt crisis threatens to push region into formal recession.

The proportion of electorate doubting the stability of the coalition has doubled in just two weeks.

Construction sector output better-than-expected and could push recession-mired UK's second quarter GDP figures up

UK economy growth forecasts from Bank of England revised down - again - to zero as uncertainty reigns supreme

Chancellor George Osborne under more pressure as Bank of England predicts near-zero growth for UK economy in 2012.

Chancellor George Osborne wants to increase UK exports, but the slowdown in manufacturing will complicate this ambition.

Disappointing retail sales figures from the British Retail Consortium cast doubt of consumer recovery for recession-hit UK in third quarter.

Treasury minister Danny Alexander has committed heresy by doubting the supremacy of credit ratings. Is the government preparing for a u-turn on fiscal stimulus?

RBS researchers say that the economic boost from holding London 2012 is at risk of being disappointing and not off-setting the second quarter's 0.7 percent contraction.

Growth in Britain's vast service sector slows, pointing to extension of recession into third quarter.

June to September monsoon is critical for India as farmers plant most of their summer crops during this period.

Prime minister puts paid to rumours that he would remove Osborne from the chancellor position.

Private industry data shows the crippled UK construction sector returning to marginal growth in July, though it is no strong sign that the economy is recovering from recession.

Private industry data shows UK manufacturing collapsing to a worse-than-expected contraction in July in a concerning start to the third quarter for the economy.

Nationwide reported that UK house prices have fallen by 2.6 percent across the year as they fall again in July.

Palestinians fuming at US Republican presidential candidate MItt Romney for his remarks on Israel's economic efficiency.

On 25 July 2012 Britain's Office for National Statistics (ONS) issued its official estimate for the country's second quarter Gross Domestic Product (GDP). A contraction was expected by all and the range amongst economists was between -0.2 per cent and -0.4 per cent. The Telegraph's Angela Monaghan credited Vicky Redwood of Capital Economics with coming nearest and predicting the worst, at -0.5 per cent and so the ONS's -0.7 per cent came as a shock to everybody.