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The Latest Breaking News from Economy

Higher obesity levels linked to lower productivity in England, research shows

Report by former government adviser says plan needed to tackle obesity, thought to cost UK economy £27bn a year

The Guardian - UK

Labour and Tories' 'conspiracy of silence' over Brexit impacts condemned

LABOUR are in a “conspiracy of silence” with the Tories about the harmful impacts ofBrexit on the UK, top SNP figures have said on the…

The National (Scotland)

Chinese factory activity rebounds, adding to recovery signs

A survey shows Chinese factory activity rebounded in January, adding to signs the world’s second-largest economy might be recovering from a painful slump

The Independent UK

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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 tipped to be weakest major economy in world as cost-of-living crisis hits households hard

The IMF has predicted UK output to shrink by 0.6% this year

Wales Online

UK economy to shrink more than Russia, predicts IMF

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

The Independent UK

IMF upgrades its 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

The Independent UK

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Britain the only G7 economy forecast to shrink in 2023

IMF says UK economy is likely to contract 0.6% as rising interest rates and higher taxes take toll

The Guardian - 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

Global growth outlook slightly healthier, says IMF

The outlook for the global economy has improved marginally, with inflation likely past its peak and trending down over 2023 and 2024.

AAP

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

Evening Standard

MTL growth set to match overall sector

Muang Thai Life Assurance (MTL) expects to grow in line with the overall insurance industry this year, saying the cooling global economy would have a minimal impact on insurance policy renewals as consumers are more health-conscious following the Covid-19 pandemic.

Bangkok Post

Exim Bank set to expand BCG loans

Export-Import Bank of Thailand (Exim Bank) aims to expand the proportion of loans it extends to businesses conforming to the bio, circular and green economy (BCG) model to 50% of its anticipated total outstanding loans in the next three years from the current level of 28%.

Bangkok Post

How not to fight global inflation

Despite favourable indices, it is too soon to tell whether inflation has been tamed. Nonetheless, two clear lessons have emerged from the recent price surge.

Bangkok Post

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Daily Mirror

NASA sending ship to asteroid worth £8quintillion to better understand Earth's origins

Despite being delayed for a year, NASA is now set to launch the Psyche space programme to an asteroid that is so valuable it's worth about 70,000 times the entire global economy

The Times of India

Italian flyer hits cabin crew member on Vistara flight, held

MUMBAI: A 45-year-old Italian woman passenger was arrested early Monday morning after she allegedly punched a cabin crew member and spat on another on board a Vistara Airline flight (UK 256) from Abu Dhabi to Mumbai. Sahar police, who registered a case on the airline staff’s complaint, said the flyer,…

Reuters

Italy's Finance Minister tightens grip on nominations for top jobs at state-backed firms

Italy's Economy Minister Giancarlo Giorgetti is working on an internal directive stressing that the main steps for an imminent round of appointments to top state-controlled firms must pass through his office, political sources said.

Fortune

Legendary investor Jeremy Grantham warns stocks could drop another 50% this year—but he doesn’t say to stay away from markets entirely

The top investor has some words of despair, and hope, for people looking to get into the stock market this year.

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news in one place.

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The Times of India

Union Budget 2023-24: Startups seek simplified tax regime, reduction in MAT, shows TOI-Deloitte survey

NEW DELHI: Startups are considered to be one of the key areas propelling India's transition towards the Centre's $5 trillion economy target.

StockNews.com

3 Momentum Stocks to Load Up on Before January Ends

While the interest-rate hikes by the Fed have weighed heavily on market sentiments and the growth prospects of an otherwise robust economy, stocks such as Select Energy Services (WTTR), Overseas Shipholding Group (OSG), and Adams Resources & Energy (AE) have shown solid momentum lately and are well-positioned to maintain the…

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 Conversation

Brazil's economic challenges are again Lula's to tackle – this time around they're more daunting

Even when they’re in trouble, Brazilians rarely lose their sense of humor. But in recent years, their joviality has often given way to political division everywhere from social media to the dinner table.

Fortune

Layoffs are the medicine America needs to take to break out of inflation’s vicious circle, says former Walmart U.S. CEO

More job losses across the economy are necessary to break the ongoing wage-price spiral, a danger the bricks-and-mortar employer itself is risking with its recent pay hike.

StockNews.com

3 Upgraded Stocks to Put on Your Radar This Week

With the expected continuation of monetary policy tightening, the economy is anticipated to witness a slowdown this year. Amid an uncertain economic backdrop, it could be wise to add fundamentally sound stocks HCA Healthcare (HCA), Yum! Brands (YUM) and DocuSign (DOCU) to your watchlist this week. These stocks have been…

The National (Scotland)

We want to hear YOUR questions about the economy in an independent Scotland

WE know readers have lots of questions about what Scotland’s economy might look like after independence.

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People

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