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The Latest Breaking News on Economy

We’ve avoided recession for now, but the outlook is one of perma-gloom

December’s GDP was boosted by us all cranking up the heating. Actual economic growth has not looked so weak in decades

The Guardian - UK

Dominic Perrottet vows to slash energy bills by $250 to help with cost of living

NSW Premier Dominic Perrottet says a re-elected Liberals and Nationals government will slash energy bills by $250 and help households unlock up to $400 in further savings by switching to a better deal.

ABC News

Argentina issues new 2,000-peso banknote worth $11 as inflation soars

Inflation levels in the county are some of the worst in the world

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Cost of living crisis: how to make smart money decisions in tough times

Interest rates rose this week, adding to pressure from bills. We look at how to make the best choices in an uncertain world

The Guardian - UK

Blockbuster jobs data reflects a mind-blowing labor market

Jobs reports simply don't get any better than the one we received this morning.

Axios

The Guardian view on Rishi Sunak’s message: workers’ doom loop, wealth’s boom loop

Editorial: Workers should not be paying for a recession that they did not cause

The Guardian - UK

Every person in Ireland owes €44,000 each as part of the national debt

This makes Irish people some of the most indebted in the world

Irish Mirror

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US adds 517,000 jobs in January as Federal Reserve raises interest rates

Comes as Biden and McCarthy begin debt ceiling negotiations

The Independent UK

Surge in US hiring surprises markets

WASHINGTON: US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in more than five decades, government data showed on Friday, despite efforts to cool economic activity.

Bangkok Post

U.S. economy adds whopping 517,000 jobs in January

The numbers are more than double the 190,000 forecasters anticipated.

Axios

Bank of England must not push interest rates too high, its chief economist says

Inflation should be back within Bank’s 2% target range by middle of 2024, Huw Pill adds

The Guardian - UK

'Income barriers' impacting part-timers get govt attention

As labor shortages become an increasingly pressing issue amid the economic recovery from the COVID-19 pandemic, Prime Minister Fumio Kishida has said he will consider ways to overcome issues related to "income barriers" that impact workers such as part-timers.

The Japan News/Yomiuri

Services sector declines to two-year lows but firms showing ‘cautious optimism’

The sector declined for the fourth month in a row amid cutbacks to business and consumer spending.

The Independent UK

‘Reason to be optimistic:’ Bank chief offers hope on interest rate hikes

Interest rates are no longer expected to rise as high as feared this year, a Bank of England chief said on Friday.

Evening Standard

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The Independent UK

Why has the Bank of England hiked interest rates and what does it mean?

The decision was taken to help keep inflation under control.

Wales Online

The figure that shows why teachers are on strike in Wales

Experts have looked at teachers pay in the last 13 years

The Guardian - UK

Tory backbenchers plan to put pressure on Hunt to cut childcare costs

Exclusive: Group led by Siobhan Baillie want chancellor to use budget to relax rules and eliminate business rates for nurseries

The Independent UK

Have hope: Sunak says he can get the economy growing this year

Mr Sunak, in an interview with Piers Morgan for TalkTV, insisted he could deliver the five priorities he has set for the nation.

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Reason

COVID Stimulus Spending Played 'Sizable Role' in Inflation

Fiscal stimulus during the pandemic contributed to an increase in inflation of about 2.6 percentage points.

The Guardian - UK

Sunak refuses to even utter the word crisis. But how else to describe his first 100 days?

Inertia on the NHS and obstinacy on strikes have left the equivocating PM clinging to a life raft, says Guardian columnist Polly Toynbee

Daily Mirror

UK heading for recession - but won't be as bad as expected, says Bank of England

The Bank of England warned that an economic slump is looming but it will be shorter and shallower than predicted thanks to falling energy prices and inflation starting to ease

The Times of India

How opposition leaders praised Nirmala Sitharaman’s Budget 2023

NEW DELHI: While leaders of the ruling BJP-led NDA are gloating over the budget presented by finance minister Nirmala Sitharaman on Wednesday, some opposition leaders unexpectedly have also praised it.

The Independent UK

Bank of England poised for big rate hike to tame inflation

The Bank of England is expected to raise interest rates by as much as half a percentage point

Birmingham Post

Vaughan Gething outlines his priorities for the Welsh economy

Apprenticeships and the foundational economy will be priorities

ABC News

IMF urges tough tax reforms as Australia treads 'narrow path' to avoid recession

The Albanese government is being urged to embark on a range of unpalatable economic and tax reforms to pay for massive spending already baked into its budget.

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