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.
BBC seems to have missed the fact that its raining in Johannesburg. Perhaps they should mention it. :)
LONDON (Reuters) – One of the more startling moments at the London concert by British folk band Moulettes this weekend was when founding member Ruth Skipper turned her bassoon into an instrument of industrial rock.
As bass and drums hammered out a heavy beat and an electric fiddle and wired cello soared to feverish heights, Skipper turned from the audience, bent near double and roared out a riff that would have done a Moog synthesizer proud.
LONDON (Reuters) – Janet Yellen is expected to get the final political nod in the next couple of weeks to chair the U.S. Federal Reserve.
So when she signaled in congressional testimony last week that the U.S. economy was still in need of easy money, it was more than a throwaway line to please vetting senators worried about their voters’ lack of jobs.