UK economy comes to a standstill

Singapore officially in recession
Singapore downgrades its economic growth figure, which confirms it was Asia's first country in recession in the current financial crisis.

Struggling pound continues slide
The pound's dismal run continues as fears about the health of the UK economy persist.

Pound falls again against dollar
Sterling's losses mount as the currency hits its lowest in six years against the dollar on fears of a deep recession.

Oil falls to below $60 a barrel
The price of Brent crude oil falls below $60 a barrel for the first time in 20 months, amid fears of a recession in the US.

European markets fall on opening
Major stock markets in European fall on Wednesday after weak company results in the US renew fears of a recession there.