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The Latest Breaking News on Economy

Vic debt would be lower under Libs: report

Victoria's debt would have been lower than forecast regardless of which party won the state election but the Liberals would have cut it more, a report says.

AAP

Is a US Recession Near? Making the Call Is Trickier Than Ever

Traditional economic indicators can’t predict the timing of a downturn, but newer forecasting methods are untested.

Businessweek

North of England ‘would rank second worst for investment’ if OECD country

Thinktank says of advanced economies, only Greece would have lower public and private investment

The Guardian - UK

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3 Vulnerable Stocks to Avoid Buying This Week

Falling inflation has raised the market’s hopes for rate cuts this year, but that optimism may be built on shaky ground. The U.S. economy is losing momentum, as retail sales and industrial production reported their biggest declines in recent months. As the market will likely remain volatile in the near…

StockNews.com

'I'm trying to stay afloat': California parents sound off on childcare crisis

Nearly three years after the pandemic began, parents are still feeling a financial squeeze because of child care.

Los Angeles Times

Is China’s high-growth era over – forever?

With its population declining, China’s period of rapid growth is likely over. How it copes is critical for the world.

Al Jazeera

China’s shrinking population: what it means for the rest of the world - expert panel

From climate change to women’s rights, what effect will the demographic time bomb at the heart of China’s economy have?

The Guardian - AU

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Small businesses need new model for growth in recession

A new report from Small Business Britain and TSB Bank has found that concerns about the economy is deterring small businesses from investing in growth, innovation and hiring new talent

Wales Online

3 Cheap Stocks to Buy if You're on a Budget

With the Fed’s intention to keep raising interest rates this year and mounting recession concerns, market volatility is expected to remain elevated in the near term. However, it could be an opportune time to invest in fundamentally sound stocks, Ambev (ABEV), trivago (TRVG), and Data Storage (DTST), which are currently…

StockNews.com

Union Budget 2023-24: India must grow at 7% in FY24; govt needs to focus on structural reforms

By RP Gupta

The Times of India

Experts suggest recession could be much worse than previously thought

An updated forecast predicts the recession could be cut deeper but will not last as long as previously thought

Manchester Evening News

Brexit: UK set to hit £1trn export target 15 years late

Government accused of ‘failure and broken promises’, as exports set to slump next year

The Independent UK

Record number of Britons are now dependent on the state

Analysis showed that 83 per cent of all income tax is paid by just 40 per cent of British adults

Wales Online

Record number of Britons dependent on the state – analysis

The Government wants to revamp the benefits system to boost employment numbers that have not returned to pre-pandemic levels amid labour shortages.

The Independent UK

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The Independent UK

Recession to be worse than previously thought, experts say

EY said that while the recession might cut deeper than it thought earlier, it will not necessarily last longer than the previous forecast.

The Independent UK

Big decisions needed on green growth as UK lags behind rivals – CBI chief

Tony Danker will urge the Government not to shy away from hard decisions.

The Guardian - UK

UK will be 15 years late in hitting £1tn annual export target, figures show

Exclusive: Forecasts predict exports will fall to £707bn next year and target will not be reached until 2035

Newcastle Herald

Stockton Beach disappearing quicker than expected

Stockton Beach is disappearing even quicker than the experts predicted.

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The Guardian - UK

Sunak must come up with long-term growth plan, says Tesco boss

John Allan says it is needed to ensure UK economy recovers from cost of living crisis

The Times of India

India to be a $3.7 trillion economy in 2023, says RBI article

MUMBAI: India will be a $3.7 trillion economy in 2023, maintaining its lead over the UK as the fifth largest economy of the world, a Reserve Bank article said on Thursday stressing that the macro economic stability is getting entrenched.

France 24

'We don't expect a global recession' in 2023: IMF chief Georgieva

FRANCE 24 spoke to IMF Managing Director Kristalina Georgieva at the World Economic Forum in Davos. Gloomy economic forecasts have cast a long shadow over this year's event in the Swiss Alps. But Georgieva said that although the IMF projects 2023 to be "a difficult year" and for growth to…

The Times of India

US jobless claims drop to 190,000, lowest level since September

WASHINGTON: Applications for US unemployment benefits unexpectedly fell last week, sliding to the lowest level since September and underscoring a strong jobs market where many businesses are reluctant to let go of workers.

The Guardian - US

US hits borrowing limit, kicking off fight between Republicans and Democrats – as it happened

Biden and Democrats want to raise debt limit without conditions but House Republicans will only agree if spending is cut – get the latest

Birmingham Post

Bank of England Governor Andrew Bailey on inflation, interest rates and recession

Andrew Bailey has been on an official visit to South Wales

The Independent UK

Countdown in the offing for political fight over debt

The countdown toward a possible U.S. government default is in the offing

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