By: Jake Cordell

I'm City A.M.'s economics reporter, looking at the news, stories and data that move markets in the UK, Europe and around the globe. I also cover broader developments in the business and political worlds at home and abroad.

All 1029 Articles

Osborne welcomes Brexit warning from IMF as it cuts outlook for UK growth

April 12, 2016

Brexit could cause major instability to the UK, European and world economies, the International Monetary Fund (IMF) has warned in its latest forecasts for global growth, as Brexit campaigners rounded on the group for "talking down Britain". "A 'Brexit' could do severe regional and global damage," the IMF predicted, as it cut its outlook for growth [...]
George Osborne backs IMF’s growth warnings over Brexit, but won’t talk about austerity

April 12, 2016

George Osborne has seized upon the latest evidence that instability ahead of the EU referendum could be weighing on the UK economy – but chose to ignore statements from the International Monetary Fund (IMF) that his austerity programme is also dampening UK growth. In its world economic outlook, launched today, the IMF, downgraded its forecast for the British [...]
Mapped: How the world economy will fare in 2016

April 12, 2016

The International Monetary Fund (IMF) released a gloomy global outlook for the world economy today and warned of a series of risks on the horizon which could upset the fragile recovery. The map below shows the Fund’s latest forecasts for major countries around the world. Though beware, they’ve been subject to some substantial revisions in the past. [...]
IMF slashes world growth forecasts and sounds alarm over fragile recovery – as well as warning on Brexit

April 12, 2016

The world is facing an onslaught of risks which could upset the economic recovery, the International Monetary Fund (IMF) has warned, as it cut its forecasts for growth in the global economy – and raised alarm bells about the impact of Brexit for the UK. The IMF’s half-yearly world economic outlook, published today, said everything [...]
Nomura to slash hundreds of investment banking jobs in London

April 12, 2016

Japan's largest brokerage firm, Nomura, is planning to cut hundreds of jobs in London and across Europe as it lines up to close key investment banking departments, blaming extreme volatility in the global economy, which has put the firm's bottom line under sustained pressure. "Nomura will close certain businesses in Europe, the Middle East and Africa (EMEA)," a statement from the [...]
British advertising exports are set to soar but one ad boss warns over EU referendum

April 12, 2016

London’s ad agencies will shake off concerns about global economic turmoil over the next few years, according to the Advertising Association, which is predicting double-digit growth in exports of all things sales-related. Exports of British advertising services, which includes adverts as well as market research and consultancy gigs, brought in £4.2bn to the UK last [...]
Shops failing to cash in on low inflation as British Retail Consortium sales monitor shows no growth in March

April 12, 2016

Retail sales flat-lined in March, according to the latest sales monitor from the British Retail Consortium (BRC), in an early sign that a wobble in the consumer-led recovery could be on the cards. Total retail sales were unchanged on March 2015, compared to a 4.7 per cent annual increase registered in this month last year. [...]
London mayoral election: Sadiq Khan and Zac Goldsmith trade blows over transport policies and tax hikes

April 11, 2016

Mayoral candidates Sadiq Khan and Zac Goldsmith have launched stinging attacks on each other this morning in a fiery exchange that sets the scene for an explosive final few weeks of the campaign to succeed Boris Johnson. Khan’s flagship policy to freeze transport fares for four years was branded “financial illiteracy” by Goldsmith’s team as transport [...]
Central and eastern Europe should adopt the euro to boost their credit ratings

April 11, 2016

Adopting the euro would be good news for central and eastern Europe, according to credit ratings agency Fitch, which has said that joining the Eurozone could help lower government debt costs and help attract external financing. Croatia, Bulgaria, Hungary and Romania could all see their credit scores move up a notch or two if they [...]
Deutsche Bank and Moody’s predict rising corporate defaults

April 11, 2016

Corporate defaults could be about to rise, according to two leading financial institutions, Deutsche Bank (DB), and ratings agency Moody's, who have both warned this morning that the business cycle could be about to take a turn for the worse. Analysts from Europe and the United States at the DB today launched their closely-watched annual default [...]

Diageo slashes dividend as ‘Drastic Dave’ takes charge

Pro Climbing League leans into urban boom ahead of sold-out London launch

Drinks disasters: Three top tips to avoid being a wine wally

By: Jake Cordell

All 1029 Articles

Subscribe