For the first time since 1978, the UK is to lose its top credit rating. Ratings Agency Moody's says it downgraded the UK because growth looks set to stay sluggish in the next few years.
Poor productivity, low investment levels and rising wealth inequality: One leading British think tank is offering £150,000 in prize money for radical ideas to address the UK's "toxic cocktail" of economic problems.
Under pressure, Prime Minister Theresa May defended her Brexit plan in Parliament as three more ministers resigned. Many wonder if she will be the one representing the UK at EU leaders' summit next week.
Figuratively, punk and John Maynard Keynes both died in 1979, the former killed by Duran Duran, the latter by Mrs T., wielding a Milton Friedman-shaped meat cleaver. But Keynes' ghost has made a brief reappearance.
The economic upturn in Germany is weakening, according to the country’s leading council of experts, who have lowered their outlook. Uncertainty about global economics was part of the group’s reasoning.
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