Cut taxes to rescue recovery, BarCap says

The Government must cut taxes and instruct the Bank of England to buy bank bonds through quantitative easing to break the UK’s “slow and measly recovery”, Barclays Capital has said.

Hopes for US recovery, China stimulus help markets

LONDON (AP) — Global markets rose Tuesday on signs of improvement in the U.S. housing market and on hopes China will act to support growth in its economy, the world's second-largest.

S.Africa Q1 GDP growth seen slowing to 2.4 pct q/q

JOHANNESBURG (Reuters) - Economic growth in South Africa is expected to have slowed to 2.4 percent in the first quarter from 3.2 percent in the previous quarter due to a slump in the mining and manufacturing sectors.

UK economy could shrink by 2pc if Greece exits euro

The UK economy could be plunged even deeper into recession with a GDP contraction of up to 2pc if Greece is forced into a disorderly exit from the eurozone.

Greece, not EU, will drive recovery: Greece's central bank Governor

ATHENS: The governor of Greece's central bank insisted on Thursday that Athens and not European Union leaders will drive the country's recovery from a crisis that threatens its place in the eurozone.

Election risk: Could Europe sink Obama campaign?

NEW YORK (CNNMoney) -- Trillions in looming tax hikes and spending cuts. Washington saber-rattling over the debt ceiling.

Rows break out over eurozone woes

Eurozone leaders have come under fire for failing to deal with the political divisions and crippled banks that pose as big a risk to the single currency as Greece.

Wealthy eurozone countries must back weak nations, George Osborne warns

The wealthiest eurozone nations must support the weaker, indebted nations such as Greece and Portugal or face the prospect of the currency union breaking up, George Osborne has warned.

Japan's economy grows 4.1 percent amid recovery

TOKYO (AP) — Japan's economy grew an at annual rate of 4.1 percent in the first quarter amid a gradual recovery from last year's catastrophic earthquake and tsunami.

Barack Obama tells EU: boost growth now or face a global crisis

Barack Obama is to put pressure on Germany to ease the pain of austerity with policies to boost growth, as he uses two days of talks with the G8 industrial nations to warn Europe that it needs to act swiftly to spare the world economy from a second deep recession in four years.

Turn off your iPad, David Cameron, and start dealing with Britain's debt

The Prime Minister David Cameron talks about fiscal sanity but is borrowing like a drunken Keynesian.No one dispenses advice to the eurozone better than David Cameron.

German economy powers on, French growth evaporates

BERLIN/PARIS (Reuters) - Germany's economy confounded expectations by posting robust growth in the first quarter of the year while France could summon up none at all and Italy slid further into recession, data showed on Tuesday.

Interest rates expected to remain 'on hold through 2013'

Sir Mervyn King, the Governor of the Bank of England, is expected to signal on Wednesday that interest rates will not rise from their record low until late 2013 at the earliest, as the UK's growth disappoints.

USIBC President Ron Somers slams slow pace in India's economic reforms

WASHINGTON: Expressing frustration over the current pace of economic reforms in India, US India Business Council (USIBC) President Ron Somers has warned New Delhi that investors have "myriad alternatives" and it "must compete for capital".

Analysis: China growth risks signal need for fiscal action

BEIJING (Reuters) - China may need a back-up plan to stop economic growth being cut short by a surprise dip in demand at home and abroad that suggests monetary policy easing steps taken since the final quarter of last year are insufficient to deal with the downturn.

EU's Rehn against debt funded growth, backs Spain plan

TALLINN (Reuters) - The European Union's top economic official on Saturday warned against funding national growth packages with new debt and urged governments to stick with structural reforms and cuts to fiscal deficits as the route out of the region's economic crisis.

Eurozone economy to shrink by 0.3%, EU Commission says

The eurozone economy is forecast to shrink this year as its debt crisis continues to bite. The European Commission's spring forecast confirmed its prediction of a 0.3% contraction in 2012 in the economies of the 17 countries that use the euro.

Queen's Speech 2012: Coalition sets sights on 'restoring economic stability'

Retail and investment banks will be split, employment tribunals curbed and executive pay tackled by new legislation revealed in a Queen's Speech designed to "restore economic stability".

German industrial production surges in March

German industry recorded a surprise surge in output in March.

Unemployment set to keep on rising, says forecaster

Unemployment in most parts of the UK is likely to continue to rise over the next five years, according to an economic forecasting group.

Jobs report crucial to presidential election outcome

(CNN) -- Hands down, it's the most important monthly economic report in the race for the White House.And April's numbers from the Labor Department didn't provide President Obama a lot to brag about.

Europe must balance austerity with growth, says EU's Olli Rehn

BRUSSELS: Europe needs to balance cutting its debt with measures to stimulate growth, the region's top economics official said on Saturday, as austerity threatens to drag the bloc into its second recession in three years.

Syria economy faces 'significant' contraction: IMF

Syria's economy is expected to contract significantly in 2012 due to 14 months of violence and sanctions, a top official at the International Monetary Fund said on Wednesday.

Debt inequality is the new income inequality

NEW YORK (CNNMoney) -- The rich are getting richer, and everyone else is going deeper into debt trying to keep up.

Canadian manufacturing PMI hits 2012 high in April

TORONTO (Reuters) - The pace of growth in Canadian manufacturing advanced at its strongest rate of the year in April as business conditions improved for a third straight month, reflecting a slow but steady recovery in the export-reliant sector.

Bill Clinton says economic recovery ahead of pace looking back up to 500 years in history

Former President Bill Clinton defended President Obama and his handling of the nation’s economic recovery Sunday night, saying “we are beating the clock” historically in comparison to Japan and other economies that have been through similar tumult.

Big Three's biggest problem is Europe

NEW YORK (CNNMoney) -- Detroit's biggest problems aren't behind it. They're about 4,000 miles to the east.