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The Latest Breaking News from Economy

UK economy could face ‘very significant’ impact from Iran conflict – OBR

The budget watchdog said that the outlook for inflation would be ‘particularly uncertain’.

Evening Standard

Good news is bad news: GDP growth fuels inflation fears

Australia's economy expanded by 2.6 per cent over 2025, above Reserve Bank forecasts, raising fears of an impending interest rate hike.

AAP

Reeves accused of being ‘tone deaf’ on energy prices as Middle East crisis deepens

Growth forecast cut again and unemployment to rise as chancellor warned economy risks big hit from Iran war – but Reeves insists ‘plan is right’

The Independent UK

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Rachel Reeves claims UK economy can beat forecasts again – is she right? Our writers discuss

The chancellor insists Labour has ‘the right economic plan’ for a world that has become ‘yet more uncertain’

The Guardian - UK

Chancellor blew chance to end Energy Profits Levy, say opposition parties

The SNP and Tories accused Rachel Reeves of a missed opportunity to support the North Sea in her spring statement.

Evening Standard

Reeves insists she has right plan despite economic growth forecast cut

The Office for Budget Responsibility slashed the growth forecast for 2026 and hiked its expectation for unemployment.

Evening Standard

Spring statement: Iran war casts shadow over fragile UK economic recovery

Chancellor Rachel Reeves sought to strike an upbeat note on Tuesday on the state of the UK economy, even as oil and gas prices surged in the wake of the fast-evolving war with Iran.

Euronews

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Goldman finds ‘no meaningful relationship between AI and productivity at the economy-wide level,’ but a 30% boost for 2 specific use cases

Have you got “AI-nxiety?” Goldman took a closer look at the last earnings season and found a mismatch between hype and reality.

Fortune

Iran attacks threaten US GDP growth and inflation prospects

The US and Israeli attacks on Iran have pushed up oil prices, adding fresh uncertainty to a US economy already facing stubborn inflation and weak hiring.

Euronews

Unemployment to jump to 5.3% as UK economy faces slower growth, says OBR

UK gross domestic product (GDP) is expected to grow by 1.1% in 2026, as the OBR cut its previous prediction of 1.4% from last November.

Evening Standard

Qualcomm CEO: “Resistance is futile” as 6G mobile revolution approaches

At Mobile World Congress, Qualcomm unveils a 6G future powered by AI agents and an always-on digital economy.

Fortune

Global economy must stop pandering to ‘frivolous desires of ultra-rich’, says UN expert

Olivier De Schutter says new economic agenda needed to tackle crises of rising inequality and ecological collapse

The Guardian - UK

Spring Statement 2026: Key points from Rachel Reeves' economic update to MPs

The Chancellor told MPs of the latest projections for GDP, inflation, unemployment and borrowing

Evening Standard

Spring Statement: UK economy set to ‘grow slightly slower’ in 2026

IN FULL

The Independent UK

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Evening Standard

Budget watchdog downgrades growth forecast for 2026 as Reeves defends plan

Chancellor Rachel Reeves set out the Office for Budget Responsibility’s forecasts as the Iran war threatened to cast a shadow over the economy.

International Business Times UK

EU Heightens Economy and Security Watch as UK, France, Germany Side with US on Iran Crisis

As tensions rise in the Middle East, Europe braces for potential impacts on energy supplies and economic stability. The EU steps up monitoring and security measures.

Evening Standard

Live: Chancellor Rachel Reeves promises growth in spring statement

The Chancellor’s speech comes just weeks after the Bank of England downgraded its growth rating for the UK economy.

The Independent UK

Iran attacks threaten US economy with more uncertainty around inflation, growth

The U.S. and Israeli attacks on Iran add yet more question marks around a U.S. economy already buffeted by on-and-off tariffs, weak hiring, and lingering inflationary pressures

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The Conversation

Why surging oil prices are a shock for the global economy – but not yet a crisis

Global oil markets have reacted swiftly to escalating tensions in the Middle East as the United States and Israel continue their assault on Iran.

The Independent UK

China's economic ambitions hit limits to growth as its national congress meets

China’s progress in building a modern economy, evident in its kung-fu fighting robots and self-parking cars, is hitting limits as a downturn in its housing industry drags on and young people struggle to find jobs

Evening Standard

Rachel Reeves to insist she will stick with the plan at spring statement

The Chancellor will say the economy is ‘stronger and more secure’ as a result of decisions taken by the Government.

AAP

Rate hike odds spike for 'live' March RBA meeting

The battle to tame inflation has been thrown into more uncertainty by conflict in Iran and the Middle East, the Reserve Bank governor says.

Fortune

How the war in Iran could ‘guarantee’ a global recession

How a waterway barely 30 miles wide could plunge the world into recession.

Fortune

Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy

That empire includes core industrial sectors like oil and transportation as well as banking, telecommunications, agriculture, medicine, and real estate.

Axios

Iran conflict could worsen America's affordability crisis

Gas prices were among the few deflationary sources in the economy where price pressures are apparent on multiple fronts.

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