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The Latest Breaking News on Economy

Here’s how many of Rishi Sunak’s five key pledges have been met one year on

RISHI Sunak is failing to deliver on most of the five key pledges he made a year ago which he said his government should be judged on, a report says.

The National (Scotland)

Global Investors’ Meet 2024 will focus on distributed growth in T.N., says Minister

Ahead of the Global Investors’ Meet 2024, scheduled to be held this weekend in Chennai, Tamil Nadu Industries Minister T.R.B. Rajaa, in an interview with The Hindu, shares the focus areas, goals and prospects of the big ticket event

The Hindu

Urban consumer confidence stable, optimism in income levels | Data

November 2023 Consumer Confidence Survey: Pessimism about general economic situation, employment & income levels decreases; higher share of respondents say income levels have improved.

The Hindu

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UK economy set to escape 2024 'hard landing' in boost for Sunak

After a brush with recession, consumers are set to spur a rebound

Evening Standard

Recession warning puts another Sunak pledge at risk

The Prime Minister looks in danger of only meeting one of his five pledges for 2023.

The Independent UK

UK economy at risk of recession after worse than expected third quarter decline

THE UK is at risk of falling into a recession after revised official figures show the economy declined between July and September.

The National (Scotland)

Latest junior doctors’ strikes 'could lead to 75,000 cancellations in London' as medics walk out for second day

Training medics who are members of the British Medical Association are also preparing for the NHS’s longest-ever walkout in January

Evening Standard

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EU Strikes Budget Reform Deal After Two-year Wrangle

The EU agreed reforms Wednesday that will loosen budget rules with the goal of encouraging investments while keeping debt and spending under control, after France and Germany bridged their differences.

International Business Times

Productivity rebounds as pandemic bubble bursts

The pandemic's influence on the economy and job choice is wearing off, allowing productivity growth to snap back to pre-pandemic levels.

AAP

2023 Stock Market Lessons Learned

If we don’t honestly review the lessons of the past, then we are likely doomed to repeat those same mistakes in the future. Not only is that foolish...but highly unprofitable. And that is the importance of doing this annual review of 2023 Stock Market Lessons Learned to improve our odds…

StockNews.com

Germany's economy seen shrinking again in the current quarter as business confidence declines

Germany's central bank says the country's economy is likely to shrink again slightly in the current fourth quarter

The Independent UK

Higher tax payments help SA to first post-COVID surplus

South Australia is back in black by $41 million, but growing operating expenses have resulted in a lower surplus than expected.

AAP

UK to 'dodge winter recession' as key business survey shows private sector growing

But the continued strength of the economy may encourage the Bank of England to keep interest rates higher for longer

Evening Standard

Australia’s unemployment rate ticked higher in November at 3.9% but hiring numbers also up

Joblessness rate rose despite 61,500 new jobs because the number of people seeking work also grew strongly

The Guardian - AU

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The Guardian - UK

Signals are flashing red for Rishi Sunak’s economic growth pledge

Bank of England and Niesr have not forecast a recession but October fall in GDP may suggest one is on the way

The Guardian - AU

Morning Mail: Chalmers faces crucial choice, Cyclone Jasper to hit today, Cop28 into extra time

Budget update will show boost from commodity prices and immigration; rich countries accused of hypocrisy at climate summit

The Guardian - UK

Falling UK inflation will ease pressure for high pay awards, says thinktank

Strong growth in earnings has been driven by increases in cost of living, says Resolution Foundation

The Independent UK

Germany's Scholz confident of resolving budget crisis, says no dismantling of the welfare state

German Chancellor Olaf Scholz says he is confident that his troubled government will find a good solution to a budget crisis triggered by a court ruling last month

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The Independent UK

A 'soft landing' or a recession? How each one might affect America's households and businesses

The solid hiring revealed in Friday’s jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a “soft landing” next year rather than a widely feared recession

WEKU

How a top economic adviser to Biden is thinking about inflation and the job market

The latest numbers show a strong picture for the U.S. economy. Yet many Americans have a pessimistic view. Here's how an adviser to Joe Biden says they're addressing that.

The Guardian - US

US economy adds 199,000 jobs as unemployment rate falls slightly

Jobless rate down to 3.7% as world’s largest economy grapples with interest rates and American policymakers plot next moves

International Business Times

Stock Markets Mostly Rise Before US Jobs

Stock markets mostly gained and the dollar firmed Friday before the release of key US jobs data, but Tokyo was knocked by the yen's recent rally.

International Business Times

US Private Sector Job Growth Slows In November

Hiring in the US private sector eased in November, as the post-pandemic boom in restaurant and hotel employment moderated, payroll firm ADP said Wednesday.

The Guardian - AU

Australia’s economic growth slows, reducing chance of another interest rate rise next year

Economy grows more slowly than expected, with consumer spending flat under the pressure of high interest rates

The Guardian - UK

Britain has been in a 15-year economic slump. This is our route out of it

Ours is the most unequal major economy in Europe, with poorer workers losing out most, says Torsten Bell, chief executive of the Resolution Foundation

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