GDP

Negative economic growth in some of Europe's largest economies has prompted fears the Eurozone group may go into recession.

Japan stands on the brink of its first recession in over six years after the country's economy contracted an annualised 2.4% in the second quarter.

GDP growth could fall to 1.5% by the end of 2008 according to the Bank of England's latest inflation report.

The financial services sector's UK GDP share climbed to 9.4% in 2006, up 0.6% on the previous year.

The Association of Mortgage Intermediaries says the housing market will slow but a crash is unlikely, as part of its Quarterly Economic Bulletin launched today.

The Bank of England should cut interest rates to avoid the threat of lower growth, higher unemployment and real problems for the manufacturing sector, claims a new report from the Trade Union Congress.

BDO Stoy Hayward has gone against many pundits by stating it sees interest rates increasing early next year in order to counteract strong economic growth.

New demographic projections have shot a hole through previous government forecasts as to the amount of GDP pensions costs will equal, says the Pensions Policy Institute.

UK GDP increased by 0.9% in the second quarter this year, helping send the annualised GDP growth rate to 3.7% over the past 12 months.

Britain may soon face a "financial crisis" if the government refuses to cut public spending or raise taxes, warns the Centre for Economics and Business Research.