What a difference a month — and a brewing financial crisis — makes.

In early July, Moody’s economist Mark Zandi told The Daily Ticker the U.S. economy was poised to "reaccelerate," predicting GDP growth close to 3% growth in the third quarter and approaching 4% in the fourth.

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NYU Professor Nouriel Roubini has seized the headlines again this morning, warning that a "perfect storm" of economic disasters may smash the global economy in 2013.

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Britain’s biggest banks face fresh anger as figures published today are expected to show they are falling billions of pounds short of promised targets for lending to small firms.

The loan targets were agreed under a controversial pact with the Government known as Project Merlin, signed in February following lengthy talks between the banks and the Treasury.

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Middle income families will be more than £4,000 worse off this year as a result of spending cuts and the struggling economy.

A study has found that households on middle-range salaries will be much worse affected by rises in living costs than the rich or poor over the next decade.

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A White House official says President Barack Obama will call for a five-year freeze in non-security, discretionary spending during his State of the Union address.

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