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The Latest Breaking News from Economy

Indian economy to surpass 7% growth in FY 23: SBI research report

NEW DELHI: The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India.

The Times of India

Argentina VP says IMF hinders growth in Revolution Day speech

Argentine Vice President Cristina Fernandez de Kirchner slammed the International Monetary Fund (IMF) on Thursday, saying that the program agreed to with the multinational lender is holding back the country's economy.

Reuters

Cuba says no quick fix as economic crisis drags on

There is no quick fix for Cuba's sputtering economy, its economy minister said on Thursday, as inflation, fuel shortages, plunging farm production and a cash crunch drag on output and continue to fan discontent in the communist-run island nation.

Reuters

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Economics that looks at lower half of the pyramid

The model of economic growth that has guided national and international policies since the 1990s will not create healthy democracies

The Hindu

Only half of Germans see Scholz's coalition surviving as policy differences mount

Only half of Germans believe the ruling government coalition will hold until the end of its legislative period, a survey showed on Thursday, as arguments among the three parties over climate policy and budget intensify and voter support withers.

Reuters

Swansea Skyline project would create 100 jobs and generate £84m for city economy over 15 years - says report

It includes plans for a gondola (cable car) route, gravity-fuelled Luge ride, a zipline, a sky swing, new walking and mountain bike trails, and food and drink outlets on Kilvey Hill

Wales Online

Germany's economy contracts, signaling a recession

The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession. High inflation hit consumer spending.

WEKU

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Show us how you can boost our economy' - city council's message to would-be developers

'Can you work with communities, make Salford greener and create jobs?'

Manchester Evening News

Tinubu inherits Nigeria’s high debt – an economist analyses what this means for the country's future

As the 16th president of Nigeria, Bola Ahmed Tinubu inherits an economy that is grappling with inflation, chronic unemployment, extreme poverty, crumbling infrastructure and insecurity.

The Conversation

London offers a ray of hope in our gloomy economy

City comment: London will be a major contributor to the levelling-up the Government is so keen to achieve

Evening Standard

Traders May Be Overreacting to Less-Than-Ideal News for Intuit (INTU)

Although tax-prep software specialist Intuit delivered a mixed earnings performance and incurs possible governmental competition, INTU stock remains a relevant idea.

Barchart

Millennials and Gen Z say the economy is preventing them from becoming financially independent adults

Most Gen Z and millennials say the state of the economy is “hurting their ability to be a financially independent adult," finds a new Experian survey.

Fortune

Closing race employment gap ‘could add £36bn to economy’

Exclusive: Analysis by Labour Party says closing gap would mean 539,000 extra employees contributing an additional £35.6bn to the UK economy

The Independent UK

US economic growth for last quarter is revised up to a still-tepid 1.3% annual rate

The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday, a slight upgrade from its initial estimate

The Independent UK

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The Independent UK

Germany economy shrinks in first quarter, signaling one definition of recession

The German economy has shrunk unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession

Tribune News Service

Editorial: One answer to the migration crisis? Jobs

The Biden administration’s sensible new policy for asylum seekers — requiring them to submit applications in Latin American countries before arriving — seems to have preempted a wave of migration to the border, at least for now. But what about those the US has already legally admitted into the country,…

The Guardian - UK

German economy in recession after high prices take toll, revised figures reveal

Updated data shows economy went into reverse in first quarter with GDP falling by 0.3%

The Times of India

German economy goes into recession as GDP shrinks by 0.3% in Q1

BERLIN: The German economy contracted in the first quarter of 2023 compared with the previous three months, thereby entering recession, data from the statistics office showed on Thursday.

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Reuters

German economy minister's office receives envelope with white powder

German Economy Minister Robert Habeck's constituency office said on Thursday it had received an envelope containing a white substance, prompting a large-scale police operation.

Al Jazeera

Singapore economy beats estimates as government warns of risks

Southeast Asian city-state warns of rise in ‘downside risks’ amid rising interest rates, escalation of war in Ukraine.

The Times of India

India poised for world-beating growth, CEA Anantha Nageswaran says

NEW DELHI: India’s strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the finance ministry.

Reuters

Sri Lanka president vows to conclude debt-restructuring talks by Sept or Nov

Debt-laden Sri Lanka should be able to conclude a new round of restructuring talks by September or November at the latest, its president said on Thursday, adding that the negotiations had made "remarkable" progress.

Reuters

Mexican president ramps up rhetoric, economic intervention as election nears

Mexican President Andres Manuel Lopez Obrador's increasing attacks on adversaries and interventions in the economy are part of a calculated drive to cement his legacy and consolidate support for his successor in an election next year.

The Independent UK

Charcoal cooking, week-long queues for gasoline: Fuel shortages slam Cuba’s countryside

Cuba’s most recent fuel shortage is crippling an already fragile economy suffering from food and medicine shortages

Bangkok Post

SCB CIO sees limited impact from stimulus steps

The potential impact of the new government's stimulus measures on the economy is likely to be limited, while the stock market has already factored in risks related to political issues, says the SCB Chief Investment Office (SCB CIO).

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People

Andres Manuel Lopez Obrador

Cristina Fernandez de Kirchner

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