Business organisation the CBI slashes its forecast for UK economic growth, but calls for government austerity plans to continue.

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CBI cuts forecast for UK growth

The third quarter was a rough one. Between July and September, the United States’ credit rating was downgraded, Europe teetered on the brink of catastrophe and the financial markets entered a dangerously volatile phase. Yet, it appears to have been the strongest quarter this year for U.S. economic growth, according to projections for a key indicator due out Thursday morning. Read full article > >

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GDP: good expectations for growth

Prime Minister David Cameron has defended the government’s policies on economic growth after a prominent Tory figure said too little was being done.

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Cameron defends economic policy

The weakening outlook for world economic growth is undercutting oil prices and beginning to ease prices at the gasoline pump. But oil prices remain high by historical standards. Tom Kloza of the Oil Price Information Service estimates that U.S. drivers are on course to spend nearly half a trillion dollars on gasoline this year, which would break the record set in 2008. Read full article > >

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Oil, gas prices fall as economic outlook weakens

US President Barack Obama outlines his plans to cut the US deficit by a further $3tn and kick-start economic growth.

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Obama outlines US deficit plans

The National Trust criticises draft planning reforms, saying the system should protect public interests not primarily promote economic growth.

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National Trust in planning plea

Politicians and investors are placing a great deal of weight on a crude and rough estimate of economic growth that has never been particularly reliable.

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On Economy, Raw Data Gets a Grain of Salt

President Barack Obama slammed partisan politics and called on lawmakers to prioritize economic growth Monday, the first day of his three-day Midwestern tour.

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Obama knocks politics on Midwest bus tour

Maybe you’ve noticed that the economy has been acting strange lately: Corporate profits and stock prices have grown much faster than the economy, while economic growth has significantly outpaced job growth. In the past, these things moved more in synch with each other. The cause of this disconnect was assumed to be the rising productivity of American workers, which would be a good thing for the economy over the long run. Unlike past productivity gains, however, these haven’t generated increased incomes for most workers. Nor has this improved competitiveness translated into much improvement in the merchandise trade deficit. Read full article > >

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The trials of measuring and managing in a global economy

Figures are expected to show India’s first quarter economic growth rate slowed, thanks to government tightening measures.

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India economy to hit ‘soft patch’

US economic growth slowed in the first three months of 2011 to an annualised rate of 1.8%, the Commerce Department confirms.

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US economic slowdown is confirmed

BOGOTA, Colombia — Peru has registered the most robust economic growth in South America this past decade, but on Sunday a leftist former army officer who once pledged to overturn the old economic order is expected to win the first round of presidential elections, polls show.

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Peruvian ultranationalist presidential candidate goes against the tide

Labour leader Ed Miliband has criticised the government’s record on economic growth, attacking what he called ‘the same old Tories”.

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VIDEO: Miliband slates ‘same old Tories’

The Labour leader and shadow chancellor are to set out the measures they believe will boost economic growth, ahead of next week’s Budget.

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Labour to set out economic vision

Keynesian assertions notwithstanding, there is no hard evidence that consumer spending is a driver of economic growth, an economist writes.

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Economix: Misplaced Focus on Consumer Spending