GDP

FRONTIERS

The US economy has beaten forecasts from analysts after it expanded by 1.5% in Q2.

Business Secretary Vince Cable has thrown open a potential challenge to George Osborne's role as Chancellor of the Exchequer after claiming he would "make a good chancellor".

The UK economy shrank by 0.7% in the second quarter of the year, a far worse contraction than economists had forecast, keeping the UK mired in recession.

GDP data released today is expected to paint a miserable picture for the UK economy, with a contraction in growth forecast for the second quarter.

Goldman Sachs Asset Management chairman Jim O'Neill looks back over a week of mixed economic indicators from two of the world's leading powerhouse nations.

Jim Rogers has dismissed fears of a hard landing in China, saying slowing growth is simply proof the authorities are managing the economy as they intended.

US

Goldman Sachs has predicted the London Olympic Games will boost the nation's economic output by as much as 0.4 percentage points in Q3.

EUROPE