Category: Economics

Brexit But Nothing Changes Until 2019

The United Kingdom, or at least 52% of the the 72% that voted, has taken the historic step of leaving the European Union. But do not expect anything to change soon. Greenland was the only country to leave the EU, and that was in 1984 and it took 3 years of negotiation (and that was […]

June 25, 2016 | 1 Comment More

China Is The World’s Second Biggest Economy

In the last quarter of 2010, China has overtaken Japan to become the world’s second biggest economy. The International Monetary Fund (IMF) reports that China’s Gross National Product was $5.75 trillion in 2010 compared to Japan’s $5.39 trillion. Although the Japanese economy grew by 2% in 2010, the Chinese economy outpaced it with growth of […]

February 14, 2011 | 0 Comments More

It’s Official: The UK Is In Recession (And It’s A Deep One)

GDP Falls Steeply By 1.5% With today’s figures indicating that the Gross Domestic Product fell by 1.5% over the last three months coupled with the previous quarter’s drop of 0.6% meant that the UK is finally officially in recession after two quarters of negative growth. Here is the breakdown Construction output – down by 1.1 […]

January 23, 2009 | 0 Comments More

Lousiest Christmas Ever On Most UK High Streets

The British Retail Consortium’s recent survey revealed Christmas 2008 as the worst Christmas ever with a fall of 3.3% in like for like sales and 1.4% in total sales compared to 2007. See the full report. However, there were a few notes of encouragement in some sectors: internet sales were 30% up on last year […]

January 13, 2009 | 0 Comments More