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The Latest Breaking News on Economy

Wages of Indian workers have remained almost same in last 10 years: Data

A report by Bahutva Karnataka shows that the share of self-employed workers increased, while the share of those in formal employment remained low

The Hindu

House To Vote On Critical Government Spending Legislation

House prepares for crucial vote on government spending legislation to avert shutdown. Bipartisan cooperation needed for timely approval.

Top News

Fed Again Holds Interest Rates Steady

Inflation has eased over the last year but remains elevated, the central bank says.

Kiplinger

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Now is not the time to do anything more to slow the economy – it’s already in danger of stalling

The Sahm rule lets us get in front of recessions – so alerts should be flashing in the Treasury and RBA

The Guardian - AU

NSW ups fight for GST amid move to 'wellbeing' budget

Premier Chris Minns has vowed to push to overhaul a "broken" GST distribution system as his government prepares for a budget focusing on more than the economy.

AAP

US Fed To Provide Fresh Clues On Rate Cuts After Uptick In Inflation

The US Federal Reserve is widely expected to keep its key lending rate unchanged again on Wednesday, as policymakers continue discussions over when to start rate cuts and launch the next phase in their long-running battle against inflation.

International Business Times

Eyes On Bank Of Japan As Unions Announce Wage Hikes

The results of key wage hike negotiations in Japan will be announced Friday, with a win for workers expected to set the stage for a hotly anticipated shift away from the central bank's ultra-loose monetary policy.

International Business Times

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OPINION - All models are wrong (except the Office for Budget Responsibility's Brexit forecasts)

"All models," the British statistician George Box observed, "are wrong, but some are useful." To which we now turn to the Office for Budget Responsibility, whose Brexit forecasts seem to be holding up remarkably well.

Evening Standard

Second surplus on track for Australia but budget will report a fall in revenue, treasurer says

Jim Chalmers says slide in iron ore prices and uptick in jobless rate mean budget will report a much smaller revenue upgrade than in recent years

The Guardian - AU

Investment expert warns prices 'rollercoaster' possible

Unwinding pandemic effects will cause inflation to fall quickly, a key investment strategist expects, before supply shocks keep it higher over the long term.

AAP

Immigration is good for tax receipts - and five other things we learned from the budget

Just one of the messages that may surprise fans of Britain’s chancellor

The Guardian - UK

US adds 275,000 jobs in February as labor market continues to grow

Layoffs climb sharply with last month’s rate the highest of any February since 2009 but expert says ‘job gains remain solid’

The Guardian - US

International Women's Day: How is the gender pay gap in 2024?

Employers with 250 or more workers must submit to the Government information on the gender pay gap within their companies annually

Evening Standard

Slowing economy can't be ignored in budget: Chalmers

The treasurer says the upcoming federal budget will be a balancing act between fighting inflation and addressing a slowing economy.

AAP

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International Business Times

Inflation Is Still A Problem -- What It Means For The Fed

The price of goods and services remains elevated around the U.S., as evidenced by four recent reports by the U.S. government.

The Hindu

Vignettes of a Janus-faced economy

As India braces for the next general election, claims and counter-claims on the performance of the economy have been a prominent theme for discussions

International Business Times

Japan Inflation Falls To 2% In January

Japanese consumer inflation slowed for the third straight month to 2.0 percent in January, government data showed Tuesday.

The Hindu

Changing the growth paradigm

Rather than trying to catch up with rich countries on their historical development paths, India should take advantage of its present realities.

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Evening Standard

'UK recession already over', economists say

The recession appears set to be the shortest one possible, and among the shallowest on record

Evening Standard

OPINION - Just a light recession – Bank of England boss is bullish on economic recovery

Well, that was quick. Bank of England governor Andrew Bailey appeared in front of Parliament today and declared, if not quite that happy days are here again, then that the recession isn't all that bad and might, in fact, already be over.

The Guardian - AU

Australia’s employers expect wages to grow faster than inflation in 2024, survey finds

Report says workers can expect to earn 3.7% more by the end of the year, up from 2.6% annual growth expected three months ago

AAP

Employment slowdown to hit blue collar workers hardest

Conditions are finally turning after a bumper few years for the labour market, with some fields to be hit harder than others.

The Hindu

Share of Capital Expenditure shrinks, but guarantees not the only reason

The share of capital expenditure to the total outlay of the Budget Chief Minister Siddaramaiah presented on Friday has come down to 15% from 16.5% in the Budget he presented in July 2023. Before that, in the Budget presented by Basavaraj Bommai in February 2023, just before the Assembly polls,…

International Business Times

Can the US Economy Weather Global Recession Risks?

Amid recession fears in Japan and the UK, the US economy stands resilient, buoyed by strong consumer spending and pandemic relief measures.

The Guardian - UK

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

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