Data and Financial Journalist
According to PwC’s report, UK will see a slip in its GDP’s ranking to 11th position in the world’s rankings. US, Japan, Germany, France and Italy has also been pushed down the league table but only UK and Italy lost out on the top ten slot. The same reports also predicted that China will soon overtake United States as the world’s largest economy in 2017. UK at present faces many issues that are being addressed but are they quick enough to make instant changes in the nation’s economy?
The year of 2012 saw one of the biggest scandals in the international banking industry that went unnoticed and was less talked about amidst the Euro Zone crisis. The reason this becomes big now and needs immediate attention is because it could be the beginning of a ‘Big Bank Scandal’. When banks start operating purely…
The suspense over whether Spain will seek a bailout is getting more clear as there are hints in the market that there could be a bailout deal. Madrid has successfully raised €4.6bn (£3.7bn) which is definitely oversubscribed and good news for Spain-a sign that investors are more confident the government can pay its bills.. The auction results…
The International Monetary Fund on Sunday strongly backed the European Central Bank’s plan to staunch the euro zone debt crisis with unlimited bond purchases, saying it was ready to get involved in designing and monitoring its implementation. The European Central Bank(ECB) announced its most promising plan on Thursday so as to ease the Euro-zone crisis…