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A weak currency isn't rebalancing the British economy – it's strangling it

Interest rates close to zero, another £50bn of Sterling spewing from the presses, negative growth, public spending up by 8pc a year and tax receipts down 7pc – not the death throes of the Weimar Republic, but the state of the contemporary British economy. The announcement yesterday that Quantitative Easing would be expanded to £375bn is good news [...]
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No global recovery yet

Business & Finance : Finance Blog (6 months ago)

The world economy is still becalmed. World trade volume fell 0.8pc in August. The next cycle of growth has not yet reached "escape velocity". We continue to be in a contained global depression, punctuated by bursts of weak growth th... Read Post

Australia Hit By 'Private Spending Drought', GDP Growth Withers

Business & Finance : Business Insider: Clusterstock (4 years ago)

Australia's economy, one of the strongest in the developed world right now, is slowing down substantially, with Q1 GDP growth less than half Q4's rate. Moreover, some believe that had public spending not bolstered the economy, GDP c... Read Post

Sterling hits 8-month trade-weighted high

Business & Finance : Business Report (7 months ago)

Sterling rose to an eight-month high against a basket of currencies. ||| London - Sterling rose to an eight-month high against a basket of currencies on Friday on the view that a strengthening British economy will mean interest rate... Read Post

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