Economics / Markets

German GDP grew 2.2% in the second quarter, the largest gain in more than 20 years.

Keith Skeoch, the head of Standard Life Investments, has predicted the FTSE 100 will close the year at 6,000 points, 14% higher than yesterday's closing figure.

Former member of the Monetary Policy Committee (MPC) David Blanchflower says the UK will need "a lot more" quantitative easing (QE) to avoid a double dip recession.

The FTSE 100 has slid more than 2% lower this afternoon after US markets suffered even sharper losses in early Wednesday trading.

The Bank of England has revised down its forecast for UK economic growth and expects inflation to remain above the 2% target until the end of next year.

The Bank of England has revised down its forecast for UK economic growth and expects inflation to remain above the 2% target until the end of next year.

Fund of funds recorded their highest ever quarterly net retail sales in Q2 at £2.3bn, according to the IMA.

The employment rate in the UK rose 0.3% or 184,000 between the first and second quarters of this year, the largest quarterly increase since 1989.

The Bank of England is today expected to lower its economic growth forecast for the UK and raise its expectations for inflation next year.

European markets are in retreat this morning on fresh fears for global growth sparked by a gloomy outlook from the US Federal Reserve.