GDP

The UK economy grew by more than expected in Q2 of 2010, boosted by a strong performance from the construction sector.

France has reduced its economic growth forecast for 2011 by 0.5% to 2% following a meeting between President Sarkozy and top finance ministers.

The recession has reduced the time left for 'AAA' rated states including the UK to avert sovereign debt crises as their populations age, Moody's warns.

Eurozone gross domestic product grew at its fastest pace in more than three years in Q2, official figures show.

Alan Greenspan, the former chairman of the Federal Reserve, believes the US economy still faces the threat of the dreaded double dip recession.

UPDATE: The FTSE has bounced back from heavy losses earlier this afternoon on the back of weak GDP figures from the US.

UK GDP increased by a surprise 1.1% in the second quarter, almost double the consensus estimate.

Public sector net borrowing hit £14.5bn in June, marginally below the shortfall of £14.7bn one year earlier but still worse than economists had expected.

China's GDP growth rate slowed to 10.3% in the second quarter, down from 11.9% the previous quarter, as the Government made efforts to cool the overheating economy.

The UK economy is recovering but progress is sluggish, the latest GDP figures from the ONS suggest.