The Latest Breaking News on Economy

'UK recession already over', economists say

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

Evening Standard · Feb 22, 2024

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.

Evening Standard · Feb 20, 2024

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

The Guardian - AU · Feb 19, 2024

The Guardian view on the UK recession: no growth and no ideas either

Editorial: The Conservatives have presided over a shrunken British economy, and Rishi Sunak does not have a clue how to make it grow again

The Guardian - UK · Feb 15, 2024

Rishi Sunak's 'grow the economy' pledge looks pretty silly now

City Comment: This is as much a political recession just as much as an economic one

Evening Standard · Feb 15, 2024

OPINION - The Standard View: Recession means Rishi Sunak will have to wait longer to talk of green shoots of recovery

No pandemic, no lockdown, but no economic growth either. Britain has slipped into recession, official figures confirm, as GDP shrank by a worse than expected 0.3 per cent in the three months from October to December, following a 0.1 per cent decline in the previous quarter.

Evening Standard · Feb 15, 2024

UK Economy Slides Into Recession Ahead Of Election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

International Business Times · Feb 15, 2024

Even a technical recession is a headache for Rishi Sunak

Governments try to generate a feelgood factor before an election. The UK has the opposite: a feel-bad factor

The Guardian - UK · Feb 15, 2024

'Rishi's recession': Blow to Sunak's key election pledge as Britain slips into negative growth

GDP fell by a worse than expected 0.3% in the last three months of 2023

Evening Standard · Feb 15, 2024

Why India needs deep industrialisation

If economic development and not growth were our priority, manufacturing that takes along the service sector maybe the solution to India’s problems

The Hindu · Feb 13, 2024