Macro economics
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UK DIY sales soar but clothing stores fall behind

UK DIY sales soar but clothing stores fall behind | Macro economics | Scoop.it
The amount of retail sales continued to climb in August, but some sectors are still struggling.
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Asia sees first regional recession in 60 years

Asia sees first regional recession in 60 years | Macro economics | Scoop.it
The region's economy will shrink 0.7% in 2020 but rebound next year, says the Asian Development Bank.
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Covid pushes New Zealand into worst recession in years

Covid pushes New Zealand into worst recession in years | Macro economics | Scoop.it
The country saw early success in keeping out the virus, but strict measures have taken a toll.
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'Redundancy floodgates will open' says Unite union

'Redundancy floodgates will open' says Unite union | Macro economics | Scoop.it
Unite warns of a 'miserable Christmas' for workers without an extension of government jobs support.
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Young people hit as unemployment rate rises

Young people hit as unemployment rate rises | Macro economics | Scoop.it
The unemployment rate increases to 4.1% from 3.9%, its highest level for two years.
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UK signs first major post-Brexit trade deal with Japan

UK signs first major post-Brexit trade deal with Japan | Macro economics | Scoop.it
Symbolic trade deal will cover 99% of UK exports to Japan but boost economy by just 0.07%.
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Government debt - how much is too much? | Economics

Government debt - how much is too much? | Economics | Macro economics | Scoop.it
The Economist looks at the changing consensus regarding public debt.
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US unemployment rate falls below 10% as firms rehire staff

US unemployment rate falls below 10% as firms rehire staff | Macro economics | Scoop.it
It is the fourth month in a row that America's jobs picture has improved, as the economy begins to rebound.
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Coronavirus: UK 'could lose £60m a day' as tourism slumps

Coronavirus: UK 'could lose £60m a day' as tourism slumps | Macro economics | Scoop.it
Foreign visitors are "staying away from the UK in droves" because of Covid-19, an industry body says.
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PPE costs add to surprise jump in UK inflation in July

PPE costs add to surprise jump in UK inflation in July | Macro economics | Scoop.it
Extra cost of personal protection equipment for dentists and hairdressers helped send UK inflation to 1%.
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UK government spending on virus measures pushes debt to £2 trillion

UK government spending on virus measures pushes debt to £2 trillion | Macro economics | Scoop.it
Public debt levels soar as spending on coronavirus measures forces the government to borrow more money.
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Recession is unprecedented, says Chancellor Rishi Sunak

Recession is unprecedented, says Chancellor Rishi Sunak | Macro economics | Scoop.it
Rishi Sunak says it is a "difficult and uncertain time" as the UK suffers its biggest slump on record.
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Bank of England boss Bailey backs end of furlough scheme

Bank of England boss Bailey backs end of furlough scheme | Macro economics | Scoop.it
UK economy is still set for worst performance in 100 years according to the UK's central bank.
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Coronavirus: Lockdown fears send shares reeling

Coronavirus: Lockdown fears send shares reeling | Macro economics | Scoop.it
Top European shares fall sharply amid fears that a new wave of coronavirus cases will blight economies.
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Fed vows prolonged economic support for US

Fed vows prolonged economic support for US | Macro economics | Scoop.it
The head of the US central bank says interest rates could be near zero for at least three years.
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Unemployment: Planned redundancies twice the rate of last recession

Unemployment: Planned redundancies twice the rate of last recession | Macro economics | Scoop.it
Employers are notifying the government of job cuts at twice the level seen in 2009.
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Eating out scheme pushes down August inflation

Eating out scheme pushes down August inflation | Macro economics | Scoop.it
The UK inflation rate fell sharply to 0.2% as Eat Out to Help Out scheme pushed down restaurant prices.
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US budget deficit soars to $3tn record

US budget deficit soars to $3tn record | Macro economics | Scoop.it
Coronavirus aid programmes have prompted the gap between spending and tax receipts to explode.
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UK economy continues recovery in July

UK economy continues recovery in July | Macro economics | Scoop.it
The economy grew by 6.6%, but the country's output remains far below pre-pandemic levels.
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HS2 rail project work begins with pledge of 22,000 jobs

HS2 rail project work begins with pledge of 22,000 jobs | Macro economics | Scoop.it
Work on the controversial rail line formally starts on Friday, with Boris Johnson saying it will "fire up growth".
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Coronavirus: UK worst hit among major economies

Coronavirus: UK worst hit among major economies | Macro economics | Scoop.it
The OECD think tank says the UK was the worst affected among major economies between April and June.
Ada Glaser's curator insight, September 14, 9:58 AM
This is definitely new information, I thought that since countries in Europe were ding better with slowing the spread of COVID, their economies would also be better, but that's not the case. 
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Fed relaxes inflation target in policy shift

Fed relaxes inflation target in policy shift | Macro economics | Scoop.it
It will give the central bank more flexibility in how it aids the US recovery, says Chair Jerome Powell.
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UK retail sales climb back to pre-pandemic levels

UK retail sales climb back to pre-pandemic levels | Macro economics | Scoop.it
Sales rose by 3.6% in July as demand for clothing recovered and people spent more on fuel.
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China and trade: Breaking up is hard to do

China and trade: Breaking up is hard to do | Macro economics | Scoop.it
Coronavirus has forced firms to rethink supply lines, but can they reduce their reliance on China?
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Coronavirus: Japan suffers its biggest economic slump on record

Coronavirus: Japan suffers its biggest economic slump on record | Macro economics | Scoop.it
The world’s third largest economy saw growth grind to a halt amid the coronavirus pandemic.
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