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 · Feb 5, 2023

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 · Feb 4, 2023

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 · Feb 4, 2023

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 · Feb 3, 2023

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 · Feb 3, 2023

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

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

Axios · Feb 3, 2023

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 · Feb 3, 2023

'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 · Feb 3, 2023

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 · Feb 3, 2023

‘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 · Feb 3, 2023