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The Latest Breaking News from Economy

Economic Survey: Capital Expenditure In India Rises 63 Per Cent In 2022-23

Capital expenditure spending in India increased by 63.4 per cent in the first eight months of 2022-23 according to the Economic Survey document for 2022-23, which was tabled in Parliament on Tuesday. Read full story on Dynamite News:

Dynamite News

Watch: James Cartlidge makes statement after IMF forecasts UK economy to shrink

Watch as British junior finance minister James Cartlidge makes a statement on the latest IMF forecast, which slashes the UK’s growth outlook.

The Independent UK

Why the UK economy is worse off than Russia and other EU countries

IMF says UK economy will contract by a worse-than-expected -0.6 per cent

The Independent UK

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SNP and Labour blame Tories for predicted economy shrink

The UK is set to be the only major economy to shrink this year with all other developed nations experiencing growth, including sanction-hit Russia.

Daily Record

Editorial: The Urgent Need for Global Cooperation

In an increasingly divided world where countries are moving away from global supply chains, there’s a pressing need to continue strengthening international cooperation to address challenges such as recession risks and climate change

Caixin Global

Cash Is King in Lebanon as Banks Atrophy

The money exchange shop in Lebanon's Bekaa Valley was buzzing with business. Cellphones pinged endlessly and employees shouted out various rates as customers flocked in carrying plastic bags of the crashing local currency to buy US dollars. "Welcome to the Wall Street of Lebanon," grinned the storefront's owner, a machine…

Asharq Al-Awsat

Indian economy poised to do better, inflation to be well-behaved next fiscal: CEA Anantha Nageswaran

NEW DELHI: Indian economy is poised to do better and is expected to grow 6.5-7 per cent in the remainder of the decade, chief economic advisor (CEA) V Anantha Nageswaran said on Tuesday.

The Times of India

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UK demand for mortgages slumps as interest rates deter buyers

Bank of England figures also reveal many households are dipping into savings, rather than using credit cards

The Guardian - UK

Eight key money changes in February - Universal Credit, passports, interest rates and more

Here are some of the key dates and changes next month including from the DWP - and how they could affect you

Nottingham Post

UK held back by staff shortages, Brexit and mortgage costs, says top economist

Paul Johnson responds to IMF warning that UK will be weakest major G7 economy this year

The Guardian - UK

Europe scrapes out economic growth by dodging gas disaster

Europe’s economy has scraped out meager gains at the end of last year as galloping inflation fed by high energy prices and Russia’s invasion of Ukraine deterred people from spending in shops and restaurants

The Independent UK

IMF says global growth 'surprisingly resilient' in updated forecast

The International Monetary Fund's new projections for 2023 show GDP for the world economy growing by 3.2 percent, compared to a 1.9 percent expansion last year. The improved forecast is aided by China's scrapping of its zero-Covid policy and the fall in gas prices. Also on the programme, we report…

France 24

No 10 warns public of ‘significant disruption’ tomorrow because of mass strikes – as it happened

Lecturers and university staff will walk out on Wednesday as teachers and train drivers also take action; ambulance staff to stage further strikes

The Guardian - UK

Dubai International Financial Center Announces Metaverse Platform

The Dubai International Financial Centre (DIFC) launched the DIFC Metaverse Platform in line with the Dubai Higher Committee for Future Technology and Digital Economy's aim to attract technology innovators worldwide. The DIFC Metaverse Platform is aligned with the Dubai Metaverse Strategy, which aims to add $4 billion to Dubai's gross…

Asharq Al-Awsat

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The Times of India

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 National (Scotland)

'Broken Brexit Britain': UK economy to be beat by Russia in dismal forecast

THE UK economy is set to shrink and perform worse than other major industrialised economies, including Russia, as the cost of living continues to…

Birmingham Post

North East areas identified among UK's net-zero jobs 'hot spots'

The green economy is supporting nearly 20,000 jobs and worth more than £2bn to the regional economy, the CBI report says

Bangkok Post

BoT: Tourism keeps economy on upward path

The economy continued to recover in December, boosted by increased tourism and domestic consumption, while exports were affected by the slowing economies of trading partners, the Bank of Thailand said on Tuesday.

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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 Guardian - UK

Britain to be worst-performing major economy this year, warns IMF; UK mortgage approvals tumble and company insolvencies surge – as it happened

Britain is the only G7 economy forecast to shrink in 2023, the IMF says, as higher energy prices, rising mortgage costs and increased taxes hit growth.

The Independent UK

Asian shares fall in muted trading ahead of Fed meeting

Asian shares are mostly lower in muted trading as investors await decisions on interest rates and on earnings reports from around the world

Bangkok Post

Tourist arrivals on Koh Samui top 200,000 in January

SURAT THANI: More than 200,000 tourists visited Koh Samui in January, giving a welcome boost to the tourist island's economy.

Asharq Al-Awsat

IMF Upgrades Outlook for the Global Economy in 2023

The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against Ukraine. That's the view of the International Monetary Fund, which now expects the world…

Asharq Al-Awsat

Samsung’s Profit Plummets amid Global Economic Woes

Samsung Electronics said Tuesday its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demand for its consumer electronics products and computer memory chips. The company’s operating profit of 4.3 trillion won ($3.5 billion) for the three months through December fell 69% from a year…

The Independent UK

What the papers say – January 31

A dire forecast for the UK economy dominates Tuesday’s front pages.

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