Latest Finance-Economy News
UK GDP Rises Just 0.1% Sparking Recession Fears
UK GDP grew only 0.1% in each of the last two quarters per ONS data, indicating stagnant growth amid weakness in construction and manufacturing. High energy costs from global conflicts add pressure, with economists warning of contraction risks despite avoidance so far.
Major Central Banks Hold Rates Amid Middle East War Uncertainty
Most global central banks kept interest rates steady in March due to inflation and growth concerns from the Middle East conflict. Australia hiked by 25 bps, while emerging markets like Russia, Brazil, Mexico, and Poland made modest cuts.
US Trade Deficit Widens to $57.3 Billion in February
The US goods and services deficit rose to $57.3 billion in February, up $2.7 billion from January, with exports at $314.8 billion and imports at $372.1 billion. Year-to-date, the deficit decreased 54.8% from 2025, driven by export growth and import declines.
Bank of England Warns of Mideast War's Financial Risks
The Bank of England stated the Middle East war caused a substantial negative supply shock to the global economy. This increases financial stability risks amid ongoing conflicts.
UNCTAD Forecasts Slowing Global Goods Trade Growth in 2026
Global goods trade growth is expected to slow to 1.5%-2.5% in 2026 due to geopolitical tensions and higher energy costs. Supply chain disruptions further contribute to the uncertain outlook.
Wealth Club Launches Private Markets SIPP for Investors
Wealth Club introduced a private markets SIPP allowing holdings in VC and private equity within tax-efficient pensions. It includes tools and research to aid diversification and long-term growth.
Aviva Reports Record £11bn Wealth Inflows in 2025
Aviva achieved £11 billion in wealth inflows last year, fueled by platform demand and adviser engagement. This highlights its growing UK wealth market presence.
Swiss Wealth Manager Safra Sarasin Acquires Saxo Bank
Safra Sarasin, a Swiss wealth manager, acquired fintech and investment firm Saxo Bank after regulatory approvals. The deal expands its offerings in private wealth management.
Deloitte Sees Slow Thaw in Canadian Economy
Canada's economy faces soft growth with recession concerns, but policy and infrastructure improvements signal recovery potential. Consumer and business caution persists amid uncertainties.
Emerging Markets Show Mixed Rate Moves in March
Of 15 emerging market central bank meetings, 10 held rates steady, four cut modestly, and Colombia hiked aggressively by 100 bps. Uncertainty from Middle East ties delayed further easing.