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The Latest Breaking News on Economy

Japan's Kishida unveils the gist of a new economic package as support for his government dwindles

Japanese Prime Minister Fumio Kishida has unveiled the gist of his new economic package that focuses on wage increases and measures to soften the impact of rising prices

The Independent UK

Great British slowdown has hamstrung our economy – thinktank

Country needs successful firms to grow and struggling ones to shrink, says Resolution Foundation

The Guardian - UK

Recession ‘more likely’ as key gauge misses expectations

The private sector looks set to shrink again, according to preliminary data from an influential survey.

The Independent UK

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Federal budget back in black for first time in 15 years

The Labor federal government has smashed its earlier forecasts for a budget surplus, although the treasurer says deficits are expected in coming years.

AAP

Budget surplus up to $22bn thanks to strong jobs market and higher commodities prices

Despite improved short-term outlook, Jim Chalmers says structural pressures are ‘intensifying rather than easing’

The Guardian - AU

With the economy faltering, rates may already be too high

City Voices: Most of the macroeconomic factors facing the UK economy, bar inflation, now point to a policy rate which is too restrictive

Evening Standard

‘Limited’ evidence that pay rises are to blame for inflation of goods, ONS says

Fast-rising wages have been a major subject of concern for the Bank of England, which fears the public’s pay is rising too fast to bring inflation back down to the 2% target

Evening Standard

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OPINION - Wages rise, GDP falls, and the Tories are looking lost at sea

The difficulty in figuring out if Britain’s economic performance is sluggish or worse depends on whether we are in search of clouds or inspired by silver linings.

Evening Standard

Recession 'can't be ruled out' as UK economy shrinks at quickest pace in seven months

THERE are renewed concerns that the UK could be facing a recession as the latest figures show the

The National (Scotland)

UK economy shrinks by 0.5% in July amid wet weather and strikes

Manufacturing, services and construction sectors contract for first time since summer of 2022

The Guardian - UK

‘Recession may have begun’ as UK economy shrinks by 0.5% in July, GDP figures show

Government minister Maria Caulfield conceded that the decline in GDP was “disappointing”

Evening Standard

Danielle Wood to become first woman to head Productivity Commission

Labor appoints well-known Grattan Institute chief after senior Victorian treasury official Chris Barrett pulls out of recruitment process

The Guardian - AU

Britain no longer an economic outlier after ‘extraordinary’ GDP upgrade by ONS

Jeremy Hunt said ‘those determined to talk down the British economy have been proved wrong’

The Independent UK

UK economy bounced back from pandemic much faster than previously thought, revised GDP figures show

The new stats say the UK economy hit its pre-pandemic size by the end of 2021, a stark difference from data that claimed GDP today is still below 2019 levels

Evening Standard

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Kiplinger

Stock Market Today: Stocks Close Higher After ADP Jobs Data

The main benchmarks notched a fourth straight win after private payrolls rose less than expected and Q2 GDP was lowered.

The Guardian - AU

How did Australia’s university system get so broken? Pretty much the same way as everything else

We live amid the wreckage of formerly treasured institutions and services, despoiled by decades of marketisation and neglect

The Guardian - UK

UK on recession alert amid slump in private sector activity

Poor performance in services industry and manufacturing is mirrored in eurozone

The National (Scotland)

UK facing 'heightened recession risks' as private sector suffers shock decline

AN economist has warned the UK is facing “heightened recession risks” after the private sector suffered a shock downturn in August.

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The Hindu

The issue is not about India’s GDP, but its JDP

There is a big dissonance between GDP growth and its translation into actual jobs and incomes for people

The Guardian - AU

Australia’s wage growth slightly weaker than expected in June quarter

The wage price index figures show that despite a tight labour market, there has not been a breakout in wage growth

The Independent UK

UK lost nearly four million days to strike action in past year, study reveals

New report lays bare squeeze facing workers as public sector job vacancies up by a third and real-terms pay plummets

Evening Standard

UK shrugs off recession as economy grows by 0.2% in second quarter

The meagre GDP growth means there is no immediate risk of recession, but leaves the UK stuck in a low growth trap

The Independent UK

Strikes cancellations ‘tip of the iceberg’ – NHS Confederation

In a ‘worst-case scenario’, industrial action in the NHS could be causing double the number of cancellations being reported, representatives say.

The Hindu

Keep austerity in mind when preparing 2024-25 Budget proposals, says Finance department

Finance Dept. urges govt. depts. to prepare 2024-25 Budget with extreme austerity. Estimates must be realistic & accurate, revenue & dues to be accelerated. Economy measures may require dropping uneconomical schemes & putting off activities. Deadline for non-plan expenditure is Sept. 5, plan expenditure Sept. 10 & revenue estimates &…

The Hindu

A gender paradox in Tamil Nadu

A woman in Tamil Nadu is likely to be educated, to work, and to find work in a modern sector of the economy. But she is also likely to be paid far lower than men for the same work, and experience segregation in the workplace.

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