The Centre for Economics and Business Research (CEBR) says that the UK economy will slow from a growth rate of 2% this year to just 1.3% in 2002.
And it says that the US economy will record a zero growth rate this year, before recovering to 1.4% in 2002.
Overall, the effect of the terrorist attack will be to reduce the total output of the UK econom
- Podcast: San Fran Fed’s Daly on gender inequality in central banks
- Turkish central bank carries out emergency rate hike as currency falls
- Swift starts work on pan-European real-time payment connectivity pilot
- Dudley calls for ‘aggressive action’ on benchmark reforms
- Strike halts Australian banknote production