News
Inflationwatch
UK inflation falls again to 4.2% in December
January 2012
The new austerity
The economy, the cut-
October 2010
Behavioural economics
Some pointers for the wealth management industry
July 2011
Greece
The crisis and its implications for British business
May 2011
The latest eurozone deal
Businesses beware -
November 2011
The view from Washington
Future policy directions for government from the IMF
April 2010
The new world order
Eight trends to frame corporate strategy
November 2010
Debt & disappointment
Are industrialised economies destined for low economic growth?
February 2012
2012 Foresight First © Terms and conditions
The global economy
|
Annual % |
GDP |
CPI |
|
UK |
0.9 |
4.2 |
|
Eurozone |
1.4 |
2.8 |
|
Germany |
2.5 |
2.0 |
|
US |
1.6 |
3.0 |
|
Japan |
- |
- |
|
China |
8.9 |
4.1 |
|
Russia |
4.8 |
6.0 |
|
India |
6.9 |
6.5 |
|
Brazil |
2.1 |
6.5 |
|
Australia |
2.5 |
3.1 |
World markets
|
|
Latest |
One week |
|
FTSE 100 |
5,901 |
+167.6 |
|
DJIA |
12,862 |
+201.8 |
|
Nikkei 225 |
8,832 |
- |
|
DAX |
10,414 |
+473.5 |
|
CAC 40 |
3,428 |
+109.2 |
|
FTSE MIB |
16,440 |
+492.7 |
|
SSEA |
2,441 |
+11.8 |
|
BSE Sens |
17,605 |
+371.0 |
|
BVSP |
65,217 |
+2,313.2 |
|
RTS |
1,626 |
+59.8 |
Greece, the euro and British businesses
Events in Greece may seem a long way away to British businesses, even those with extensive eurozone interests. The Greek government is struggling to implement spending cuts and faces regular street protests in Athens by public sector orkers aware that their pay, conditions and pension rights are likely to be pared back. Greek sovereign debt has been downgraded by the credit rating agencies. Leading global fund managers have warned that they will not hold Greek bonds. Greece’s fiscal problems are destabilising the euro’s dollar and sterling values, adding to the risks for British firms trading with the eurozone.
It is a new and inexperienced Greek government that faces the financial crisis. The new government cannot sustain current levels of spending and must borrow to remain (continued).
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