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Goldman Sachs executive Beth Hammack named next president of Cleveland Fed

Beth Hammack most recently served as cohead of global financing at the Goldman Sachs Group Inc.

Expert on financial markets will be a voting FOMC member this year

1 min read

El-Erian: Crises of growth, energy, food and debt all at once is a nightmare scenario

Minor headwinds could combine to threaten the world economy

4 min read

CommentaryEconomicsGDPInflationView

‘Tis the season to spend money? UK consumers open their wallets despite price hikes

1 min read

Four indicators tracking the UK’s return to work this summer

The UK is getting back to the office, having dinner in restaurants and jetting off abroad after Covid

6 min read

UK economy grows at fastest rate since last July

GDP boosted by shoppers returning to British high streets en masse

3 min read

EconomicsGDPEconomy

UK economy falls 2.9% in January amid third lockdown

3 min read

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Top Lawyers for FN’s Legal List

Kristen McGachey

Kristen McGachey

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UK economy set for 1% boost from vaccine rollout, Deutsche Bank predicts

Increased government spending on vaccines could 'soften the blow' of lockdown on the UK's economic output

2 min read

EconomicsGDPCoronavirusDeutsche BankPolitics

UK reports worst slump since 1709 with record 9.9% contraction for 2020

The UK economy grew 1% in the final quarter of 2020

2 min read

UK economy contracted by 2.6% in November

The decrease came as England was placed back under a second lockdown

1 min read

Goldman Sachs says Covid-battered cities will ‘largely return to normal’ in 2021

The bank expects a spending boom, which it says will spur a 6% surge in the US economy next year

2 min read

UK borrowing nears £2.1tn in October

UK’s total debt pile now stands at £2.09tn as of the end of October, at a ratio of 100.8% of GDP, which is the highest since the early 1960s

GDP jumped record 15% in the third quarter after easing of lockdown

The economy was helped by the Eat Out to Help Out scheme during the summer

Government should increase stimulus to aid UK’s economic recovery, says OECD

Low interest rates mean there is more room for fiscal stimulus and tax rises can wait

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On the Move

On the Move

UK tax hikes to hit £40bn a year, warn IFS and Citi in gloomy forecast

A thin trade deal with the EU will likely leave the UK economy around 2% smaller in 2021, warns IFS

3 min read

EconomicsGDPCoronavirusBorrowingPolitics

Government readies three-tier lockdown in England as Deutsche Bank warns of economic hit

Even a two-week hospitality shutdown would reduce UK's monthly GDP by 1%, Raja says

2 min read

JPMorgan calls previous outlook for soaring global debt pile by year-end ‘conservative’

The bank had previously said globally, the debt-to-GDP ratio of private debt — meaning from households and non-financial companies — would increase from about 155% at the end of 2019 to 173% by the end of 2020

2 min read

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FN Law