House prices in England and Wales fell slightly again last month, according to figures from the Land Registry. The average house price in May fell by 0.2% from April to £152,497, while the annual rate of decline was 15.9%. This was a slight slowdown on the 16.2% year-on-year drop recorded for both April and March...more
Prices in Japan fell by the most on record last month, raising fears of a new bout of deflation, official figures from the Ministry of Finance show. Consumer prices fell 1.1% in May from the same month a year ago, the most since records began in 1970...more
New Zealand's economy has shrunk for the fifth consecutive quarter, making it officially the longest recession in its history. Gross domestic product (GDP) fell 1% in the first three months of the year from the previous quarter, which was more than had been expected...more
