F&C's Ted Scott will not be returning to work next week as planned.
The UK's economic output fell by 0.5% during the third quarter of 2008 in the first quarter of negative growth since 1992.
The Chinese economy recorded only single-digit growth for the first time in four years in Q3, as the global credit crisis begins to have an effect on the burgeoning Asian region.
The US economy grew at 3.3% annually in the second quarter of 2008, beating estimates of 1.9%, according to the Commerce Department.
Morgan Stanley has launched five structured products, including a global infrastructure plan.
The UK economy failed to grow during the second quarter of 2008, making a recession appear increasingly likely.
As stagflation hits six economies, Fidelity FundsNetwork has produced an online map allowing advisers to easily compare global growth and inflation rates.
Fund managers have dismissed concerns next month's Beijing Olympic Games could mark the beginning of the end for rapid Chinese economic expansion.
The British Government has a far more optimistic view on UK growth than the International Monetary Fund (IMF), according to figures released today.
UK growth will slow to its lowest level in 17 years in 2009, as the economy feels the effects of rising commodity costs and weaker consumer demand, the CBI reveals.