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Tuesday , November 20 2018
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China growth slowest since financial crisis as trade war looms – business live | Business

Official GDP growth slowed last quarter consistent with broader evidence that the economy is cooling. There are some early signs in the September data that policy support is starting to gain traction, but we think more easing will still be needed in order to stabilise growth. Looking ahead, we doubt …

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UK retail sales slide as shoppers buy less food after summer splurge – business live | Business

Retail sales fell 0.8% in September as shoppers cut back on spending after a bumper summer. Food sales suffered their biggest monthly drop in three years. The monthly data is notoriously volatile, but the year-on-year figure of 3.0% undershot economists’ forecasts of a 3.6% rise, and September’s drop dragged the …

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It’s time to worry when the Bank hears echoes of the sub-prime crisis | Business

The Bank of England, one hopes, does not draw parallels with the 2006 US sub-prime mortgage market lightly. That era was riddled with extend-and-pretend wishful thinking on a grand scale and ended with the financial calamity of 2008 that still reverberates. But here is the alarming comparison, courtesy of the …

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