GDP

Despite the deepening UK recession, Bank of England rate-setters are unlikely to loosen their monetary policy further by slashing the base rate at their upcoming meeting.

As gaming moves more into the spotlight for big business, IBTimes UK takes a look at how the video games industry and its players have evolved and how ratings restrictions won't stop sales growth

Bank of England data shows worse-than-expected mortgage approval data for June, as a glum economic picture and high deposit requirements weigh heavily.

Spain's second recession in three years extends to the second quarter while the IMF say growth won't return until 2014.

Bank of England, Federal Reserve and European Central Bank rate moves highlight active week for global economy

Goldman Sachs, the investment bank, said that post-Games reality often fails to meet economic expectations - like in Sydney 2000 and Beijing 2008.

Credit rating agencies Moody's and Fitch also put warnings on Britain's triple-A rating

Black cab drivers and chauffeurs among casualties of London 2012's Olympic Route Network, IBTimes reveals.

The prime minister is in a bind. His chancellor has brought the government nothing but bad headlines over the recession-mired UK economy, but he will struggle to sack him - and here's why.

Prime Minister David Cameron and his Chancellor George Osborne face a nervous test of their core economic strategy

Britain is in the worst double-dip recession for 50 years as dreadful GDP figures reveal the true state of the UK economy. Here's what the analysts and economists had to say.

Stocks in UK's largest fixed-line telecoms company BT lead the losers in the FTSE100 as UK economy hurts spending and impacts on sales

UK GDP slump will add pressure on government to alter policies which have delivered longest double-dip in half a century.

The study comes ahead of the second quarter GDP data which is expected to show a 0.2 percent contraction.

Economists think UK recession will extend into third quarter when ONS publishes preliminary second-quarter GDP estimate.

London 2012's opening ceremony takes place on 27 July, but as the Olympic Games start so does counting the cost. IBTimes UK looks at how the cost to taxpayers has bloated by billions.

UK public debt is now at its highest rate against GDP in over forty years, as the double-dip recession takes its toll on the economy.

An IBTimes UK exclusive round-up of the most recent policy statements and rate decisions from the world's key central banks

It's all somewhat worrying when financial items in much of the world's media refer to "ESM bailout funds" as if the European Stability Mechanism were already well established and operating in Luxembourg. Initially hoped to be up and running by July 2012 after a final draft was agreed by Eurozone leaders in Brussels on 02 February 2012, the ratification process, progressing fairly well up to the Netherland's Queen Beatrix granting Royal Assent on 05 July with formal endorsement on...

UK inflation has fallen to its lowest reading since November 2009, loosening its grip on consumers' hard pressed finances.

Chancellor desperate to restore reputation and drag Britain out of recession orders big push from rail investment to Bank of England stimulus.

The International Monetary Fund says Britain's prospects have worsened significantly since its April forecast.

From stocks to oil to gold, guesswork defines what we pay for the most actively traded assets in the world.

Ernst & Young's ITEM Club economic outlook report says falling UK inflation will lead to consumer spending boost and return to economic growth in second half of 2012.

London 2012 will not provide a long-term boost to the UK economy, according to a Reuters poll of economists, as the country searches for a way out of recession and towards a recovery.

The A-Z of the EU and ECB tool kit for building the bazooka-like firewall around the sovereign debt crisis

Texas has three cities where population has been growing at the fastest rate while most of the cities showing biggest increase lie in southeastern part of the US.

Singapore's fortunes could be taking a U-turn after it posts an unexpected contraction in its economic data, following a fall in manufacturing and exports

China's slowdown is bound to create serious concern among other economies around the world as the country is one of the largest drivers of global growth.

Italy cut nearer to junk status as Moody's but solid Italian debt auction soothes investor jitters