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The Latest Breaking News on Economy

EU States, Parliament Seek To Seal Deal On Spending Rules

EU states and lawmakers will hold final-stretch talks on Friday to try and strike a deal on budget reforms aimed at boosting investment while keeping spending under control.

International Business Times

Road map for fiscal consolidation

The Interim Budget for 2024-25 maintains tax rates and emphasizes increasing capital expenditures and fiscal correction.

The Hindu

Demand for Vic budget to plug health funding holes

The Victorian government must address soaring WorkCover premiums and wage rises outpacing indexation so public healthcare doesn't worsen, a peak body says.

AAP

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Lok Sabha to discuss Interim Budget; FM Sitharaman to move The Finance Bill 2024

Union Finance Minister Nirmala Sitharaman is scheduled to move The Finance Bill, 2024 for its consideration and passage in the Lok Sabha on Tuesday. Read further on Dynamite News:

Dynamite News

Central banks must beat inflation before cutting interest rates, says OECD

Organisation revises global outlook but warns it may be too soon to know if price pressures are contained

The Guardian - UK

Analysis: India’s 2024 interim budget shows a changing economy

Move from agriculture to manufacturing, an increase in demand for Food for Work programme show changes in economy.

Al Jazeera

Labour market holding up as job ad levels stabilise

Job ads have climbed in a sign of resilience for the labour market, with separate figures pointing to easing price pressures for struggling households.

AAP

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German MPs Approve Controversial 2024 Budget

Germany's parliament on Friday approved a revised 2024 budget that will reinstate strict debt limits after a shock legal ruling forced Chancellor Olaf Scholz to redraw his spending plans.

International Business Times

Letters to The Editor — February 2, 2024

Readers mail to The Hindu’s Letters to The Editor

The Hindu

Poll posture: On the 2024 Interim Budget

It was an an election-eve, self-congratulatory report card on the economic achievements engendered by Prime Minister Narendra Modi and the two governments he has led since 2014

The Hindu

What the Finance Minister’s budget speech tells us – and what it doesn’t

Finance Minister Nirmala Sitharaman presented her sixth budget today. It was an interim budget, with the full budget being due once the next government is elected after the Lok Sabha polls, which should happen in April and May.

Newslaundry

India budget 2024: What does it say about the economy, elections?

The Modi government has snipped its food subsidy bill while also lowering its fiscal deficit target.

Al Jazeera

Where does the money come from and where is it allocated?

Budget 2024: We see where the money for the 2024 interim budget comes from and where it is allocated in this article from The Hindu team.

The Hindu

Union Budget | Indian economy witnessed profound positive transformation in last 10 years, says FM Nirmala Sitharaman

FM Nirmala Sitharaman Budget 2024 Speech: Indian economy witnesses positive transformation, projected to become third largest in the world with a GDP of $5 trillion

The Hindu

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The Guardian - US

Federal Reserve continues to hold interest rates at 23-year high

Central bank said it was not appropriate to cut rates until it has ‘greater confidence that inflation is moving sustainably toward 2%’

International Business Times

US Private Sector Job Gains Slow In January As Labor Market Cools

Private sector hiring in the United States slowed more than anticipated this month, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation.

Top News

US Economy Grows 3.3% in Q4 2023, Exceeding Expectations

Discover how the US economy grew by 3.3% in the last quarter of 2023, surpassing expectations. Find out what this means for the Federal Reserve and rate cuts.

The Guardian - US

US economic growth ends 2023 with surprising strength

Growth slowed far less than expected in last three months of 2023 and gross domestic product grew at annualized rate of 3.3%

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The Guardian - UK

UK factories cut production for 11th month in a row amid tensions in Red Sea

Dominant services sector expanded more than expected, boosting overall outlook for British economy, according to survey

AAP

Labor on vote-buying spree promising tax cuts for all

Anthony Albanese is promising middle Australia will be the focus of cost-of-living support, as speculation mounts about changes to stage three tax cuts.

International Business Times

Economic Outlook Keeps Investors Wary On Nigeria

Record inflation, a sliding naira currency and weak financial structure are keeping investors wary of Nigeria, Africa's largest economy, with some companies even stepping away despite economic reforms under recently-elected President Bola Ahmed Tinubu.

Evening Standard

More than 370,000 appointments in London cancelled due to NHS strikes

Nearly 37,000 appointments were rescheduled in the capital this week following the junior doctors' strike

The Hindu

Odisha going in for carbon budget for 2024-25 fiscal year

The Naveen Patnaik government is going in for a carbon budget, a policy means to keep the emissions reduction targets under control, for the financial year of 2024-25

Top News

Jobs Report Reveals Downward Revisions, Inflation Continues Amid Wage Stagnation

Discover the creative truth behind the US economy's recent job gains and steady unemployment rate. Are things really as good as they seem? Dive in to find out!

AAP

Storm clouds loom for economy as rain, floods take toll

The fallout from severe storms in Queensland could lead to consequences for the economy and budget bottom line, Treasurer Jim Chalmers has warned.

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