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The Latest Breaking News on Economy

MGNREGS is a demand-driven scheme, no question of deficit in it: Rural Development Minister Giriraj Singh

Union Minister Giriraj Singh says MGNREGS is demand-driven, no scope of deficit. Finance Ministry has given blank cheque to meet shortfall. Govt. has shifted to DBT & Aadhaar seeding of job cards to bring transparency.

The Hindu · Oct 20, 2023

Britain needs economic and fiscal policy ‘reset’ to fight future crises – report

The Resolution Foundation is warning the UK is on course for debt to rise to around 140% of economic output over the next 50 years.

The Independent UK · Oct 18, 2023

UK wages outstrip inflation for first time in two years

Chancellor Jeremy Hunt welcomes ‘good news’ – but unions say only ‘small respite’ for many workers

The Independent UK · Oct 17, 2023

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UK economy in ‘horrible bind’ as recession looms with no room for tax cuts, say experts

Britain in for ‘protracted period of high taxes and tight spending’, says Institute for Fiscal Studies

The Independent UK · Oct 17, 2023

UK economy in ‘horrible’ bind with no room for tax cuts as recession looms – IFS

Britain is heading towards a recession next year as borrowing costs stay elevated, the IFS warned in its latest Green Budget.

The Independent UK · Oct 16, 2023

Councils call for rethink over ‘failing’ support for economically inactive

Various schemes which should support people back into work do not respond to people’s needs, according to the Local Government Association.

The Independent UK · Oct 16, 2023

Festive cheer: Urban consumer confidence at seven-year peak | Data

Urban consumers enter 2023 festival season w/ more confidence than 7 years ago. RBI's Consumer Confidence Survey finds 36% of respondents say general economic situation improved, 25% say income improved, & 91% say price levels of commodities increased. FEI hit highest level in 4 years.

The Hindu · Oct 16, 2023

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US inflation sticks at 3.7%; UK recession fears linger despite August growth; Ikea to cut prices – as it happened

UK services sector lifts economy back to growth in August, but BoE policymaker Swati Dhingra warns that economy is flatlining

The Guardian - UK · Oct 12, 2023

UK economy returns to growth but remains stuck in the slow lane

Britain’s economy returned to growth in August but remains firmly stuck in the slow lane, new official figures reveal today.

Evening Standard · Oct 12, 2023

US inflation may have risen only modestly last month as Fed officials signal no rate hike is likely

Inflation in the United States likely eased again last month, though the decline might have slowed since summer, a reminder that the outsize price pressures of the past two years will take more time to cool

The Independent UK · Oct 12, 2023

‘Modi-nomics’ fails to buck the trend

Statistical considerations apart, right now there are good reasons for looking at a slice of time longer than a few quarters when studying economic growth in India

The Hindu · Oct 11, 2023

What is a yield curve?

The yield curve is a graphical representation of the interest rates on debt for a range of maturities. It shows the relationship between the interest rate (or cost of borrowing) and the time to maturity of the debt.

USAFacts · Oct 10, 2023

UK economy makes stronger recovery from pandemic than first thought

Revisions to figures show stronger performance than Germany and France but momentum starts to stall

The Guardian - UK · Sep 29, 2023

US government estimates last quarter's economic growth was 2.1%, unchanged from previous estimate

The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged

The Independent UK · Sep 28, 2023

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The Independent UK · Sep 25, 2023

Japan's Kishida unveils the gist of a new economic package as support for his government dwindles

Japanese Prime Minister Fumio Kishida has unveiled the gist of his new economic package that focuses on wage increases and measures to soften the impact of rising prices

The Guardian - UK · Sep 24, 2023

Great British slowdown has hamstrung our economy – thinktank

Country needs successful firms to grow and struggling ones to shrink, says Resolution Foundation

The Independent UK · Sep 22, 2023

Recession ‘more likely’ as key gauge misses expectations

The private sector looks set to shrink again, according to preliminary data from an influential survey.

AAP · Sep 22, 2023

Federal budget back in black for first time in 15 years

The Labor federal government has smashed its earlier forecasts for a budget surplus, although the treasurer says deficits are expected in coming years.

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The Guardian - AU · Sep 21, 2023

Budget surplus up to $22bn thanks to strong jobs market and higher commodities prices

Despite improved short-term outlook, Jim Chalmers says structural pressures are ‘intensifying rather than easing’

Evening Standard · Sep 20, 2023

With the economy faltering, rates may already be too high

City Voices: Most of the macroeconomic factors facing the UK economy, bar inflation, now point to a policy rate which is too restrictive

Evening Standard · Sep 15, 2023

‘Limited’ evidence that pay rises are to blame for inflation of goods, ONS says

Fast-rising wages have been a major subject of concern for the Bank of England, which fears the public’s pay is rising too fast to bring inflation back down to the 2% target

Evening Standard · Sep 13, 2023

OPINION - Wages rise, GDP falls, and the Tories are looking lost at sea

The difficulty in figuring out if Britain’s economic performance is sluggish or worse depends on whether we are in search of clouds or inspired by silver linings.

The National (Scotland) · Sep 13, 2023

Recession 'can't be ruled out' as UK economy shrinks at quickest pace in seven months

THERE are renewed concerns that the UK could be facing a recession as the latest figures show the

The Guardian - UK · Sep 13, 2023

UK economy shrinks by 0.5% in July amid wet weather and strikes

Manufacturing, services and construction sectors contract for first time since summer of 2022

Evening Standard · Sep 13, 2023

‘Recession may have begun’ as UK economy shrinks by 0.5% in July, GDP figures show

Government minister Maria Caulfield conceded that the decline in GDP was “disappointing”

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