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The Latest Breaking News from Economy

Joe Biden admits 'very slight' US recession possibility

WASHINGTON: President Joe Biden said a recession in the US is possible but that any downturn would be “very slight” and that the US economy is resilient enough to ride out the turbulence.

The Times of India

California broadens nation's largest pot eradication effort

California’s four-year-old legal marijuana market is in disarray

The Independent UK

Which Breaks First…Inflation or the Economy?

The market bounce has fizzled and we are now, once again, back to last week's lows. The impetus for this sharp move lower was the stronger than expected jobs report which dashed hopes of an imminent 'Fed pivot' due to a weak jobs report. Until we see a meaningful and…

StockNews.com

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Solutions by the people, for the people

Policy-making at all levels has to become more inclusive and less dominated by the powerful and the wealthy, while a paradigm shift is needed in problem solving at global and national levels

The Hindu

Brazil's Guedes says IMF overlooked inflation surge, praises Brazil for 'acting early'

Brazilian Economy Minister Paulo Guedes criticized the International Monetary Fund for failing to spot surging inflation, saying it led to "misguided" advice, in contrast to early action in Brazil that he said has put the country ahead of the curve in controlling rising prices.

Reuters

Economy and Society, October 11, 2022: Louisiana treasurer announces plan to divest state funds from BlackRock

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Neutral cash rate 'guide' for reserve bank

Getting the cash rate back to neutral is more about the journey than the destination and the Reserve will be guided by changing economic conditions.

AAP

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Australia predicted to avoid worst of downturn as IMF warns of global recession

Revenue boost will aid budget repair as ‘storm clouds’ loom over economy, Deloitte predicts

The Guardian - AU

Indian economy doing fairly well; additional monetary tightening required, says IMF chief economist

WASHINGTON: India's economy is doing fairly well, but additional monetary tightening is required, Pierre-Olivier Gourinchas, chief economist of the IMF said on Tuesday, as the global lender trimmed its projection of the country's economic growth in 2022 to 6.8 per cent.

The Times of India

Saudi Govt Hails OPEC+’s Pivotal Role in Achieving Balance, Stability in Oil Markets

The Saudi government praised on Tuesday the pivotal role played by OPEC+ in achieving balance and stability in the global oil markets, and consequently, supporting the world economy. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Jeddah. The ministers reviewed…

Asharq Al-Awsat

Multi-million pound plan to attract major events to ACC Liverpool

The fund would also go towards research and engagement support at the Liverpool Convention Bureau

Birmingham Post

How a new and improved furlough scheme could help the UK tackle recession and economic uncertainty

The UK economy is on the brink of a recession while also experiencing weeks of financial volatility following the launch of the government’s unfunded growth plan last month.

The Conversation

Analysis-Russia's mobilisation may stymie economic recovery

Already blighted by Western sanctions, Russia's economy now faces a more self-inflicted blow, with President Vladimir Putin's military mobilisation drive threatening to undermine productivity, demand and recovery.

Reuters

IMF cuts 2023 global growth, warns major economies to stall

Global growth is expected to slow further next year, the International Monetary Fund (IMF) said Tuesday, downgrading its forecasts as countries grapple with the fallout from Russia's invasion of Ukraine, spiralling cost-of-living and economic downturns.

Bangkok Post

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The Conversation

The 5 biggest threats to West Africa's oceans – and what to do about them

The natural resources that form ocean ecosystems can play a significant role in the socio-economic growth and development of nations.

The Independent UK

IMF dims outlook for 2023 global economy amid Ukraine war

The International Monetary Fund is downgrading its outlook for the world economy for 2023, citing a long list of threats that include Russia’s war against Ukraine, chronic inflation pressures, punishing interest rates and the lingering consequences of the global pandemic

The Guardian - UK

IMF tells central banks to focus on inflation as recession looms

Fund says ‘worst yet to come’ because of rising living costs, Ukraine war and Chinese slowdown

The National (Scotland)

Journalists pan Liz Truss for 'Pyongyang-style' attack on transparency

LIZ Truss’s allies are abandoning her almost as fast as she is careering around No10 wrecking the UK’s economy.

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The Conversation

Inflation: why France is holding up better than its neighbours (for now)

The combination of the Covid pandemic and energy crisis linked to the Ukraine war have put global financial stability in an unenviable position. Faced with rising uncertainty, policy-makers around the world have imposed a range of policies and restrictions. These, in turn, have rocked businesses and supply chains, causing the…

Daily Mirror

Woman rages as boyfriend books himself business class flight - but leaves her in economy

A woman has been left outraged after her boyfriend decided to treat himself to a business class seat on an upcoming plane journey - as he left her sitting in economy

Axios

Democrats' abortion ad blitz

Dems are focusing on abortion while Republicans talk about Trump and the economy.

Al Jazeera

Tourists flock to Japan after COVID restrictions lifted

Travellers expected to deliver sorely needed 5 trillion yen ($35bn) boost to the world’s third-largest economy.

Salon

Sanders: "Don't ignore economy"

"Now is the time for Democrats to take the fight to the reactionary Republican Party"

Daily Mirror

Expanding free school meals could pump up to £41bn into the economy

A major study has found free school meals slash costs for parents, save the NHS cash by cutting obesity, and boost pupils' lifetime earnings because they do better at school

The Guardian - AU

Treasurer says Australia likely to avoid recession but admits global economy is ‘dangerous’

Jim Chalmers says spiralling energy costs the most ‘problematic aspect of our inflation problem’ through to mid-2023

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