The economy

Bank raises economic growth forecast

The Bank of England (BoE) has upgraded its UK economic outlook and said that inflation is now weaker than originally predicted three months ago.

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G8 expected to boost Northern Ireland economy

Businesses in Northern Ireland are expecting a £40 million boost from the G8 Summit being held in County Fermanagh next month, research carried out by the Northern Ireland Centre for Economic Policy (NICEP) has found.

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Unemployment increases slightly in first quarter

Official figures from the Office for National Statistics show that the employment rate for those aged 16-64 fell by 0.2 per cent in the first quarter of the year, when compared with the final three months of 2012.

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No change in interest rates or QE programme

The base rate of interest has been held at 0.5 per cent and there will be no immediate increase in the Bank of England's quantitative easing asset purchase programme, after the latest meeting of the Bank's Monetary Policy Committee.

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Resist pressure to add to QE, warns BCC

The chief economist at the British Chambers of Commerce has urged the Bank of England's Monetary Policy Committee to resist pressures to add to its quantitative easing programme.

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Call for Northern Ireland infrastructure investment

Urban regeneration initiatives must form a 'key plank' of the Northern Ireland Executive's economic policy, according to the chairman of the CBI in Northern Ireland.

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UK avoids triple-dip recession

The UK economy avoided falling back into recession after official figures revealed a growth of 0.3 per cent in the first three months of the year.

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Online companies see rapid growth

Businesses in the online sector are growing 57 times faster than those that are not, results from the Barclays' Online Business Outlook 2013 have shown.

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SME's fear of risk could further stunt economic growth

Financial volatility and a flat-lining British economy are leaving many small businesses fearing risk, a report from the Economist Intelligence Unit (EIU) has said.

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Unemployment up to 2.56 million

The number of people out of work rose by 70,000 in the three months to February 2013, taking the total number of unemployed in the UK up to 2.56 million, figures from the Office for National Statistics (ONS) show.

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