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The Latest Breaking News on Economy

Centre Presented Budget Keeping In Mind 2024 Parliamentary Polls: Samajwadi Party MP Dimple Yadav

The Centre has presented the Union Budget keeping in mind the 2024 parliamentary elections, said Samajwadi Party MP Dimple Yadav. Read further on Dynamite News:

Dynamite News

India to raise spending on job creation ahead of election

Prime Minister Narendra Modi’s government plans to ramp up capital spending by 33% in a $550 billion annual budget designed to spur economic growth and create jobs ahead of a general election next year

The Independent UK

Reserve Bank expecting up to 800,000 fixed home loan contracts will end this year

As charities report increases in workers needing support amid rising living costs, the Reserve Bank is forecasting household pressures will increase as fixed-term home loans end.

ABC News

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New compensation data shows inflation pressure fading

It looks increasingly like last year's surge in worker compensation was a one-time bump.

Axios

Fuel retailer warns of cost-of-living 'trade-offs'

Ampol says there are trade-offs to be made between living costs, fuel security and the energy transition.

AAP

Tax cuts, factory perks: What to watch for in Union Budget 2023

The Union Budget on Wednesday will test the government’s resolve to stay fiscally prudent as expectations of lower taxes, wider social security net and further boost to production gather steam before national elections.

The Times of India

The Standard View: Britain’s economy is falling behind, with little end in sight

After national security, a strong economy is the top priority for any democratically-elected government. Sustainable growth and low inflation don’t just look good in Budget red books, they materially improve the lives of citizens. But in absolute and relative terms, Britain is falling behind.

Evening Standard

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Economy to grow by 7% in FY23; current account deficit may widen: Highlights of Economic Survey 2023

Chief economic advisor (CEA) V Anantha Nageswaran on Tuesday unveiled the Economic Survey 2022-23 and said that the Indian economy is poised to do better on the back of reforms undertaken by the government.

The Times of India

Nirmala Sitharaman tables Economic Survey 2022-23 in Lok Sabha: Highlights

NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday presented the Economic Survey in Parliament ahead of the Union Budget to be presented on Wednesday.

The Times of India

Official UK jobless figures may be missing 3m people, study finds

Report on ‘hidden unemployment’ shows stark north-south divide in adults out of work due to ill health or lack of good opportunities

The Guardian - UK

IMF says recession "not in our baseline" as it raises global growth forecasts

"2023 could be the year of turning points, with growth bottoming out and inflation decreasing," IMF chief economist says.

Axios

IMF warns UK economy is set for sharp contraction in ‘weakest performance among G7’

IMF predicts UK economy will contract by 0.6% in 2023 as Britain looks set to suffer more than most from soaring inflation

The Independent UK

UK economy to shrink more than Russia, predicts IMF

The forecast leaves the UK economy languishing behind sanctions-hit Russia

The Independent UK

UK economy to go BACKWARDS in 2023 with worst performance of all major nations

The UK is set to see its economy contract 0.6% this year according to the International Monetary Fund which will be the worst performance of all the advanced nations

Daily Mirror

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Evening Standard

UK recession warning as IMF predicts weakest performance among G7

Britain's economy will slam into reverse this year as the cost-of-living crisis hits households hard, the International Monetary Fund warns

The Independent UK

German economy shrank 0.2% in Q4, worse than expected

Official figures show that Germany’s economy shrank by 0.2% in the fourth quarter compared with the previous three-month period

The Times of India

Union Budget 2023-24: Global economic slowdown may lead to business uncertainty, shows TOI-Deloitte survey

NEW DELHI: The Union Budget 2023-24 assumes significance as it is being presented at a time when global headwinds might impact India's growth trajectory.

Tribune News Service

John M. Crisp: Don’t feel guilty about taxing the wealthy

As our nation bumps up hard against a national debt north of $31 trillion, let’s start with the obvious: Our expenditures are greater than our revenue. And while this isn’t the crisis that Republicans imagine when a Democrat is in the White House, common sense suggests that bringing expenditures and…

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Reuters

Sri Lanka economy could shrink by -3.5% to -4%, president says

Sri Lanka's economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil Wickremesinghe said on Saturday.

Axios

Yellen warns of debt ceiling "catastrophe" for U.S. and beyond

“It would be devastating. It's a catastrophe," Yellen told Axios.

Chronicle Live

£4.2bn devolution deal will give North East mayor 'more power' to fight child poverty crisis

The North East's child poverty rates are the highest in England and are the worst they have been for more than two decades, a harrowing report confirmed this week

The Independent UK

Lots of sound and fury on US debt, but not a crisis — yet

For all the sound and fury about raising the nation's debt limit, most economists say federal borrowing is not at a crisis point

Evening Standard

Number of EU students enrolling at UK universities plummets by more than 50 per cent post-Brexit

Data shows that the amount of students from the EU joining an undergraduate or postgraduate course plummeted from 66,680 in 2020 to 31,000 in 2021

Los Angeles Times

Editorial: If Kevin McCarthy is serious about protecting the economy, he’d raise the debt ceiling

After he was elected speaker on the 15th ballot, Kevin McCarthy promised that the U.S. House under Republican leadership would protect the national economy, saying that the party was committed to “stop wasteful Washington spending, to lower the price of groceries, gas, cars, housing, and stop the rising national debt.”

The Times of India

US economy grows 2.9% in Q4 amid slowdown fears: Key takeaways

NEW DELHI: The world's biggest economy grew by 2.9% in the fourth quarter (Q4), data released by the US commerce department showed on Thursday.

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