Page 4 - Sam Miley News Today

Consumer prices rose 0.9% in February compared to a year earlier

The United Kingdom is banking on a rapid vaccine rollout to bring its economy back to life this summer, while the United States is pinning its recovery hopes on another giant stimulus package. Europe won't have either, and it could be left behind.

UK economy shrinks record 9.9 per cent in 2020 on COVID-19 shock Finance minister Rishi Sunak said the economy had suffered a "serious shock" from the Covid-19 global health crisis, despite the data showing second-half growth. Share Via Email   |  A+A A- By AFP LONDON: Britains economy shrank by a record 9.9 percent last year on the fallout from the coronavirus, official data showed Friday, but a rapid vaccines rollout has boosted the outlook. Finance minister Rishi Sunak said the econ...

The UK economy has suffered its biggest slump in more than three centuries last year with GDP falling by nearly 10 per cent over the course of 2020

By Mark Thompson, Rob North and Hanna Ziady, CNN Business The UK economy suffered its biggest slump in more than three centuries last year, with GDP falling by nearly 10% over the course of 2020.

Italy and France drag eurozone down as economists predict little relief under current coronavirus restrictions 2 February 2021 • 4:06pm The eurozone economy is on the brink of a double-dip recession but the region showed signs of adapting to life under lockdown after a record annual fall in output. The return of tough Covid restrictions across the eurozone pulled GDP down 0.7pc quarter-on-quarter at the end of 2020, a setback after record growth enjoyed in the summer.  The fourth quarter hit...

EUR/AUD Exchange Rate Rises as Eurozone GDP Data Suffers in Fourth Quarter The Euro to Australian Dollar exchange rate rose by 0.2% today, with the pairing currently fluctuating around AU$1.58. The EUR/AUD exchange rate edged higher today despite news that Europe’s slower Covid-19 vaccine rollout could result in a slower recovery for the Eurozone’s economy. Sam Miley, economist at the Centre Economics and Business Research, explains: ‘This downward pressure on economic output looks set to...

Eurozone meltdown: Record slump sparks panic as France and Italy hit by huge blow Ciaran McGrath Replay Video UP NEXT And separate figures have indicated the total unemployment rate within the 19 countries which are members of the monetary union remains at 8.3 percent. The figures, published by Eurostat, which provides statistical information to the institutions of the European Union, reveals the eurozone economy suffered a 0.7 percent GDP contraction in the final quarter (Q4) ...