Britain is at "significant risk" of a double-dip recession said the Organisation for Economic Development and Co-operation , as it slashed its growth forecasts in a gloomy assessment of the wider G7 economy.
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The influential Organisation for Economic Co-operation and Development (OECD) yesterday heaped further doubt on the growth forecasts on which Chancellor George Osborne is relying by slashing its predi
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The chief of the OECD world economic group has urges the Government to stick to its deficit-cutting plans , saying he believes inflation is under control
The OECD has again cut its growth forecast for Britain and raised the possibility of slower deficit reduction in a sign that it thinks the UK economy is struggling to sustain the recovery
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Swiss bank UBS , a major employer in the City , warns that it will make big job cuts as financial markets stutter and the cost of regulation soars
Standard & Poor (S&P) yesterday threatened to cut Japan's sovereign credit rating again just three months after it last downgraded the country's debt.
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Britain could slip back into recession over the next year with the economic recovery still "bumpy" , Bank of England rate setter Paul Fisher warns
British business is caught in an investment freeze that threatens to slow the already fragile economy , a survey shows today.
The defence group has already cut 15 ,000 jobs globally in the past two years. It employs 38 ,400 people in the UK.
The government says it agrees with the OECD that New Zealand should return to budget surplus as soon as possible and the Budget next month will take steps in that direction
President Barack Obama said the US faced a new “credible terrorist threat” from al-Qaeda’s affiliate in Yemen , as he confirmed that intercepted cargo originating from the country contained expl