LONDON (Reuters) – Take your pick of the most important economic event of the coming week – forward-looking global activity data, interest rate decisions in Europe or a spot-check on U.S. jobs after a month of particularly bad weather.
Given that the payrolls data – usually the premier data event at the start of any month – is likely to be skewed by blizzards, best start with the global picture.
A second look at fourth-quarter economic growth figures for Britain confirmed that recovery is under way. The quarter-on-quarter rate was 0.7 percent, unchanged from a preliminary estimate. Year-on-year was knocked down slightly.
But no matter the improvement over the past few quarters, Britain’s recent renaissance is pretty slow and still a long way off actual recovery. Consider the graphs below. The top one illustrates how large the dip has been since 2008 versus recession from 1955. The second illustrates how the current 28 and counting quarters of economic slide and crawl back compare with, say, 12 after 1973 or 11 after 1990.
LONDON, Feb 26 (Reuters) – A new superhero is fighting for
freedom, justice and the Nigerian way in the mean streets of
Lagos. And – oh, yes – he can dance too.
Meet Captain Rugged, the creation of Nigerian musician
Keziah Jones. He is the inspiration for Jones’s latest “blufunk”
album release and, unusually, the subject of a graphic novel
published along with it.
LONDON (Reuters) – The euro zone and its constituent parts will report fourth quarter economic growth numbers at the end of the week, offering policy makers at the European Central Bank a needed snapshot of the bloc’s underlying strength.
Recent evidence has been mixed. There has been general improvement but a growing disparity between Germany and France, the currency union’s largest economies.