A deeply perilous moment for coalition economic policy
Faisal Islam on the fall-out from the downgrading of Britain’s growth figures
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The European Union will not make a decision about the next tranche of bailout money for Greece until October, weeks later than expected.
Five of the world’s most powerful central banks have flooded the international financial system with dollars to stave off a liquidity crisis in European banks.
President Barack Obama warns the United States is in a “national crisis” as he outlines a $447bn package of tax cuts and government spending in a bid to jump-start the sluggish US economy.
The head of the International Monetary Fund warns that Britain must be ready to respond to the sluggish global recovery.
Channel 4 News’ US politics commentator Felicity Spector assesses the reaction to the President’s pitch for a $447bn package to boost the US economy
Faisal Islam on the fall-out from the downgrading of Britain’s growth figures
Amid the tumult of re-escalating eurozone crisis, the G7 meets in Marseille on Friday. Just five years ago that would have been seen as a sign for comfort. The finance ministers of the world’s seven most advanced “industrialised” (deindustrialised, surely?) nations meeting to iron out a common cooperative response to the world’s economic problems.
As the clean-up continues in the wake of Hurricane Irene, US politicians are battling over how federal funds should be spent to help victims.
Back on the road – and back in the fight: President Obama has been taking his message on job creation and the economy out to the American people – with a three-day bus tour through the Mid-West.
The Chancellor George Osborne has told Parliament that the UK’s economic recovery is likely to be longer and harder than was initially thought.
As the European Central Bank prepares for emergency talks, David Cameron joins world leaders in a battle to calm economic fears ahead of stock markets opening on Monday.
As the US is criticised by China for “living beyond its means” and losing its top-level AAA credit rating, Faisal Islam analyses the financial vulnerability America will wake up to on Monday.
It feels like August 2008 all over again. Thin markets, sharp movements in stock prices and credit markets. Europe’s leading bank shares slumping by up to 10 per cent. The world’s financial leaders on holiday.
Almost £50bn is wiped off the FTSE 100 as investors take cover from the economic “perfect storm” of a eurozone sovereign debt crisis, problems in the US and fears over UK growth.
As the Government’s financial watchdog warns the UK economy will grow more slowly this year than expected, Channel 4 News looks at the UK’s place in the unhappy global economic picture.