GDP

The OECD has warned the UK is teetering on the edge of a double-dip recession, and has called for further quantitative easing to support the economy.

After several volatile months, risk assets rallied strongly in late October on the expectation the latest moves by European policymakers would produce the long-awaited ‘comprehensive solution' and stabilise the debt crisis.

Warren Buffett famously said in early 2002 ‘you only find out who is swimming naked when the tide goes out'.

This year's Thanksgiving will have provided a welcome time out for politicians and markets across the Pond. It is also a time to reflect on the state of the nation as everything closes down for the day and people retreat to spend time with their families....

The UK economy grew by 0.5% in the third quarter, the Office for National Statistics confirmed today in its second official estimate.

US GDP was revised down from 2.5% to 2% in the third quarter, the Commerce Department said today.

ECONOMICS

ON EUROPE

Japan's economy rebounded in the third quarter, growing for the first time since the catastrophic earthquake in March.

ON EUROPE