GDP

The Organisation for Economic Corporation and Development (OECD) has warned that the Eurozone must integrate its fiscal policy or face the possibility of a breakup, with Britain heading for a double-dip recession.

Figures showing just 0.5 per cent growth for Britain's GDP remain unchanged after a second estimate.

The eurozone crisis has already led to the toppling of two elected governments and their replacement with EU approved technocrats with a democratic mandate somewhat below that enjoyed by Robert Mugabe. With Barack Obama up for re-election next year, could the euro crisis even lead to the toppling of the so-called leader of the free world?

Following the 24th Asian Who's Who, the IBTimes gathers the leading facts from the UK's richest Asians.

Stand-first: Mario Monti has a tough task at hand – to shore up the finances of Italy which are a total shambles.

Last week,China's National Bureau of Statistics released the welcome news that the Consumer Price Index (CPI) year-on-year rate of inflation to October 2011 had fallen to 5.5 per cent, markedly down from September's 6.1 per cent. The CPI had peaked at 6.5 per cent in July 2011.

A tense meeting between German Chancellor Angela Merkel and British Prime Minister David Cameron will take place in Berlin as the pair thrash out their differences on a number of crucial issues.

There are no more debt-masking currency swap deals - like the one between Greece and Goldman Sachs in the early 2000s - that threaten the Eurozone, says the EU's statistical body.

Italy's Prime Minister-designate Mario Monti is still struggling to form a Cabinet as Italian 10-year bonds yields rose back over seven per cent on Tuesday morning.

Households have come under further squeeze due to the spike in energy bills and utility tariff hikes.

It seems all is well with Jaguar Land Rover (JLR) as their profit books are full with record sales in markets around the globe. The announcement of JLR on Thursday to create 1000 new jobs in Solihull amidst the current economic turmoil is seen as a reflection of resurgent automobile market.

The German government is not pursuing the idea of a smaller and more integrated Europe, according to Steffen Seiber, German Chancellor Angela Merkel's spokesman.

The Confederation of British Industry on Wednesday urged Chancellor George Osborne to continue austerity measures to safeguard Britain’s prestigious AAA credit rating. The leading business lobbying group also slashed its GDP projections.

The British economy will contract this quarter or next, warns accountancy and business advisory group BDO.

A report by Accountants and Business Advisers BDO LLP suggests that dismal growth in the service sector is contributing to the contraction of the economy, which is already at risk or could be at serious risk as early as the first quarter of 2012.

Economic growth in the UK is expected to held back in 2012, despite a possible solution the Eurozone crisis, according to a report by the National Institute of Economic and Social Research (NIESR).

Reading Bloomberg News' article by Lorenzo Totaro at lunchtime, Friday 28 October on Italy's latest Bond Sale falling short of expectations and the country's borrowing costs rising, I quickly checked to see what its current National Debt is. At €1,900.8 billion, amounting to €31,500 per inhabitant, this roughly measures 120 per cent of Italy's GDP.

US economic growth accelerated in the third quarter to 2.5 per cent confirming expectations that the economy was improving.

Even a best case scenario at the landmark EU summit “wouldn’t be enough to avert the financial crisis,” a financial analyst said today, just moments before the summit were set to begin.

Reports that Italy's Prime Minister Silvio Berlusconi had agreed to step down as part of a 'secret deal' emerged Wednesday denied by The Northern League, the coalition's main ally and the PM's office.

Christopher Moran, a senior figure in the City of London and Conservative supporter has said: “Britain must support the Euro” to improve the ailing economic climate.

The UK's economy has "stalled at a dangerous junction" and will grow less than expected this year, according to the independent forecaster Ernst and Young.

At a time when the mood is gloom with unemployment figures rising and a stagnating economy, David Cameron urged Britons to "show the world some fight" in order to bounce back from troubled times, but his speech failed to reassure.

Consumer Spending Plunge as British GDP Growth Revised Down to 0.1%. Britain’s economic growth in the second quarter of 2011 has been unexpectedly revised down to 0.1 per cent.

A Canadian advisory panel on business and the environment is warning that greenhouse gas emissions could cost the Canadian economy up to $43 billion each year by 2050 if the government does not come up with a domestic plan to tackle global warming.

I was speaking to a young couple from Madrid a couple of weeks back. They were on a camping holiday, a treat paid partly by their respective parents. Things were very bad in Spain they told me and both were most concerned about getting work. The young lady said: "Everybody's going to either Madrid or Barcelona...Really the only two places in the country where you can find anything. It's not good in the north (of Spain) and the south is just devastated."

Japan's new Prime Minister Yoshihiko Noda appointed a new industry minister after his predecessor made controversial remarks only eight days into the post about the country's nuclear crisis.

Fourth September this year marked the first anniversary of the 7.1 Richter scale earthquake that struck the city of Christchurch at 04.35 local time. New Zealand's second largest city, and the largest in the South Island, the miracle was surely that despite extensive damage, no-one was killed in the quake. No doubt that the quake hit the area early on a Saturday morning helped make this possible.

Vince Cable has denounced bankers as being 'ingenuous' and manipulative of the current economic turmoil. As increasing volatility and outstanding public debt become the focal points for a tottering economy, Cable asserts that it is absolutely, "disingenuous in the extreme to use the current context to argue against reform. Banks are in a way trying to create a panic around something, which they know has got to happen."

UK Growth figures show that the economy grew between April and June with growth at 0.2 per cent in the last three months. The weak figure from the Office for National Statistics will put pressure on the government to boost growth. Chancellor George Osborne has said that the government will stick to its economic plan "in a world of very great uncertainty." There will now be growing calls from the shadow chancellor, Ed Balls, to adopt a plan B amid fears that the UK can't support the defi...