The Latest Breaking News on Economy

An expected recession in the US will hit the richest Americans harder than those at the bottom, the Wall Street Journal said this week, coining the term “richcession” to describe the phenomenon. But analysts say there are reasons to believe any coming recession would unfold like the ones before, hurting…

India remains a relative ‘bright spot’ in the world economy, but weak exports are expected to hamper its growth.

PM vows to halve inflation, cut waiting lists and halt migrant boats among other priorities

The Victorian capital is still on track to outpace Sydney as the biggest city in Australia but Covid lockdowns slowed that growth

New research from Irwin Mitchell predicts Swansea will return to growth slightly faster than Cardiff in Q4 of 2023

See which states are hiking the minimum wage.

However, Aberdeen’s economy is predicted to shrink in the next 12 months

Canada added more than 431,000 new permanent residents last year, the largest annual increase in its history, as Prime Minister Justin Trudeau seeks to ease the country’s labor shortages.

IMF chief has warned that this year will be more challenging than the last year. Furthermore, growing recessionary fears and the COVID “bushfire” could negatively impact the economy. Amid an uncertain economic backdrop, it could be wise to add fundamentally strong stocks Altria Group (MO) and Schlumberger (SLB) to your…