GDP

UK output softened in the three months to August, and if the economy weakens further it will pave the way for more QE, according to the National Institute of Economic and Social Research (NIESR).

ON ASIA

The British Chambers of Commerce (BCC) has slashed its forecast for UK GDP growth this year for the third time as the economy continues to wane.

The US Commerce Department has said US GDP rose at an annualised rate of 1% in the second quarter, down from an earlier estimate of 1.3%.

Britain's economy grew at 0.2% for the second quarter, according to the first revision of the data by the Office for National Statistics (ONS).

Dramatic stock market movements and disappointing economic data have caused leading economists to downgrade their growth forecasts, but they are still not predicting a recession, the FT reports.

ON BONDS

Japan's economy performed better than expected in the second quarter, indicating relative resilience in the aftermath of the Tohoku earthquake.

Am I the only one to have noticed many investors seem to be using heightened uncertainty to suggest a new moral order should prevail?

HOW THE US DOWNGRADE WILL HIT INVESTORS