Economics / Markets

The US economy has come out of recession, with annualised growth of 3.5% in the third quarter of 2009.

Consumers are paying off personal debts despite the continuing recession, according to the ABI's latest Savings and Protection survey.

The Bank of England's Monetary Policy Committee (MPC) is likely to vote to pump at least an additional £25bn into the economy, reports The Times.

Britain has failed to make it into the top 10 of the world's best places to live in terms of wealth and overall happiness.

George Osborne's call for emergency measures to force bankers to take the bulk of their Christmas bonus in shares has been greeted with ridicule.

Confidence among active investors is at its highest in three and a half years, suggests research by the Association of Investment Companies (AIC).

European shares dipped in early trading on Monday with banks reversing some initial gains after ING unveiled plans to launch a €7.5bn (£6.9bn) rights issue and split itself in two.

Following the shock news today that GDP fell by 0.4% between July and September, key figures from the finance industry give their views on what this means for the UK economy.

European markets opened up 1.0% this morning (FTSE Eurofirst 300 and FTSE 100) led by the banks and commodity stocks.

The UK economy is still in recession, official figures have revealed, with GDP falling 0.4% between July and September.