UK GDP growth: fears mount that plan to rebalance economy is failing

Britain’s recovery remained on track in the third quarter but fresh figures revealed growth was heavily reliant on the consumer, leaving the government’s much hoped-for rebalancing of the economy elusive.

Economy seen regaining muscle in second quarter

(Reuters) - U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year.

UK economic growth boosted by business investment

UK economic growth in the first quarter was helped by the fastest expansion in business investment in two years, official figures have shown.

British economic recovery incomplete, warns Osborne

London (AFP) - Chancellor of the Exchequer George Osborne warned Sunday that Britain's economic recovery was on course but far from completion as he prepared to deliver his annual budget this week.

UK GDP: Investment fuels hopes of balanced recovery

Hopes for a stable and sustained recovery were boosted today as official figures showed the economy becoming less reliant on consumer spending after a surge in business investment.

Japan Real Wages Fall to Global Recession Low in Abe Risk

Japan’s base wages adjusted for inflation last year matched a 16-year low in 2009 when the world was gripped by recession, posing a risk to consumer spending as the nation girds for a higher consumption tax.

Canadian retail sales disappoint in August

TORONTO (Reuters) - Canadian retail sales rose less than expected in August from July while volume fell, suggesting debt-laden consumers will provide only limited support to broader economic growth in the third quarter.