The Latest Breaking News on Economy

The implementation of the fiscal 2024 budget, starting on Oct 1, will be delayed if the new prime minister and government are not appointed within this month, according to the Budget Bureau.

Rising interest rates haven’t slowed consumer spending enough to bring the economy into a recession so far, but it could still be on the horizon.

It's another sign of the continued labor market strength.

Another solid month of hiring in the United States is expected to be reported Friday, an outcome that would suggest no recession is in sight yet could make it harder for the Federal Reserve to succeed in its drive to cool the economy and curb high inflation

Anyone following the economic news coming from the Biden administration lately probably feels like Dorothy meeting the Wizard of Oz. Whether it’s data being revised from good to bad, the manipulation of statistics or indefensible exaggerations, the White House’s economic record is less impressive than it first appears. Here are…

A time path for revenue deficit reduction with a credible fiscal adjustment plan would help restore fiscal balance and improve quality of expenditure

At roughly $3 trillion, the UK economy is large and contains multitudes. Not as massive as it might have been as a result of Brexit, Covid-19 and Russia’s invasion of Ukraine, but enough to rank sixth in the world.

A focus on wages rather than equality could see 1.8 million more people fall into relative poverty, the Resolution Foundation has warned.

So far the immaculate disinflation — what had seemed a remote scenario in which inflation comes down without a recession — has materialized.