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The Latest Breaking News on Economy

OPINION - All models are wrong (except the Office for Budget Responsibility's Brexit forecasts)

"All models," the British statistician George Box observed, "are wrong, but some are useful." To which we now turn to the Office for Budget Responsibility, whose Brexit forecasts seem to be holding up remarkably well.

Evening Standard

Second surplus on track for Australia but budget will report a fall in revenue, treasurer says

Jim Chalmers says slide in iron ore prices and uptick in jobless rate mean budget will report a much smaller revenue upgrade than in recent years

The Guardian - AU

Investment expert warns prices 'rollercoaster' possible

Unwinding pandemic effects will cause inflation to fall quickly, a key investment strategist expects, before supply shocks keep it higher over the long term.

AAP

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Immigration is good for tax receipts - and five other things we learned from the budget

Just one of the messages that may surprise fans of Britain’s chancellor

The Guardian - UK

US adds 275,000 jobs in February as labor market continues to grow

Layoffs climb sharply with last month’s rate the highest of any February since 2009 but expert says ‘job gains remain solid’

The Guardian - US

International Women's Day: How is the gender pay gap in 2024?

Employers with 250 or more workers must submit to the Government information on the gender pay gap within their companies annually

Evening Standard

Slowing economy can't be ignored in budget: Chalmers

The treasurer says the upcoming federal budget will be a balancing act between fighting inflation and addressing a slowing economy.

AAP

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Inflation Is Still A Problem -- What It Means For The Fed

The price of goods and services remains elevated around the U.S., as evidenced by four recent reports by the U.S. government.

International Business Times

Vignettes of a Janus-faced economy

As India braces for the next general election, claims and counter-claims on the performance of the economy have been a prominent theme for discussions

The Hindu

Japan Inflation Falls To 2% In January

Japanese consumer inflation slowed for the third straight month to 2.0 percent in January, government data showed Tuesday.

International Business Times

Changing the growth paradigm

Rather than trying to catch up with rich countries on their historical development paths, India should take advantage of its present realities.

The Hindu

'UK recession already over', economists say

The recession appears set to be the shortest one possible, and among the shallowest on record

Evening Standard

OPINION - Just a light recession – Bank of England boss is bullish on economic recovery

Well, that was quick. Bank of England governor Andrew Bailey appeared in front of Parliament today and declared, if not quite that happy days are here again, then that the recession isn't all that bad and might, in fact, already be over.

Evening Standard

Australia’s employers expect wages to grow faster than inflation in 2024, survey finds

Report says workers can expect to earn 3.7% more by the end of the year, up from 2.6% annual growth expected three months ago

The Guardian - AU

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AAP

Employment slowdown to hit blue collar workers hardest

Conditions are finally turning after a bumper few years for the labour market, with some fields to be hit harder than others.

The Hindu

Share of Capital Expenditure shrinks, but guarantees not the only reason

The share of capital expenditure to the total outlay of the Budget Chief Minister Siddaramaiah presented on Friday has come down to 15% from 16.5% in the Budget he presented in July 2023. Before that, in the Budget presented by Basavaraj Bommai in February 2023, just before the Assembly polls,…

International Business Times

Can the US Economy Weather Global Recession Risks?

Amid recession fears in Japan and the UK, the US economy stands resilient, buoyed by strong consumer spending and pandemic relief measures.

The Guardian - UK

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

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The Guardian - UK

The Guardian view on the UK recession: no growth and no ideas either

Editorial: The Conservatives have presided over a shrunken British economy, and Rishi Sunak does not have a clue how to make it grow again

Evening Standard

Rishi Sunak's 'grow the economy' pledge looks pretty silly now

City Comment: This is as much a political recession just as much as an economic one

Evening Standard

OPINION - The Standard View: Recession means Rishi Sunak will have to wait longer to talk of green shoots of recovery

No pandemic, no lockdown, but no economic growth either. Britain has slipped into recession, official figures confirm, as GDP shrank by a worse than expected 0.3 per cent in the three months from October to December, following a 0.1 per cent decline in the previous quarter.

International Business Times

UK Economy Slides Into Recession Ahead Of Election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

The Guardian - UK

Even a technical recession is a headache for Rishi Sunak

Governments try to generate a feelgood factor before an election. The UK has the opposite: a feel-bad factor

Evening Standard

'Rishi's recession': Blow to Sunak's key election pledge as Britain slips into negative growth

GDP fell by a worse than expected 0.3% in the last three months of 2023

The Hindu

Why India needs deep industrialisation

If economic development and not growth were our priority, manufacturing that takes along the service sector maybe the solution to India’s problems

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