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The Latest Breaking News on Economy

Month changed, year changed, but unemployment continues to rise, instead of decreasing: Former Haryana CM Bhupinder Singh Hooda

CHANDIGARH: Former Haryana chief minister and leader of opposition Bhupinder Singh Hooda said on Monday that the change in month and year is not bringing any good news or relief to the people of Haryana as the state continues to be number one in unemployment in the country.

The Times of India

Threatened teachers strikes in coming months could see most children sent home

Mainstream education could revert back to the pandemic era

Wales Online

2023 to be tougher for global economy than 2022, IMF chief says

IMF Managing Director Kristalina Georgieva says one-third of world’s economies expected to be in recession this year.

Al Jazeera

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China economic activity worsens in December as Covid spreads

BEIJING: China’s economic activity contracted at a steeper pace in December as the country suddenly reversed its Covid Zero policy and the virus swept through major cities, causing people to stay home and businesses to shut.

The Times of India

Unemployment Rate Continues to Decline among Saudis

Saudi Arabia’s labor market indicators showed a decrease in the unemployment rate by 1.4 percentage points in the third quarter of 2022, compared to the same period in 2021. The rate of participation of citizens in the labor force increased by 2.7 percentage points, and the ratio of the employed…

Asharq Al-Awsat

VIEWPOINT 2: Fed will cause unnecessary harm and other predictions

Here are eight predictions for the coming year in accordance with a hallowed tradition that I have previously not honored. If some of the supporting facts below seem unfamiliar, it could be because they have not received the attention they deserve. But they are real.

Tribune News Service

As the UK falls into a recession that could soon swallow Europe, this town offers clues on England's cost-of-living nightmare

Prices quietly surged in this small town in the United Kingdom. Then it became the epicentre of a cost-of-living crisis.

ABC News

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India's external debt declines by $2.3 billion in Q2 FY23

NEW DELHI: India's external debt stood at $610.5 billion in the second quarter of 2022-23, down by $2.3 billion from end-June 2022, the finance ministry said on Thursday.

The Times of India

Applications for US unemployment aid rose slightly last week

The number of people seeking unemployment benefits rose modestly last week, the latest sign that the labor market remains strong despite the Federal Reserve’s efforts to cool the economy and hiring

The Independent UK

Editorial: The fiscal cliff looms; nothing to see here

The national debt is much like the weather. Everybody worries about the topic, but nobody wants to do anything about it.

Tribune News Service

Italy's parliament gives final approval to government's 2023 budget

The Italian government on Thursday comfortably won a vote of confidence in the Senate over its expansionary 2023 budget, obtaining parliament's final approval of the package a few days before the end-year deadline.

Reuters

Understanding stagflation

Stagflation is a real problem for policymakers because the Central Bank can increase interest rates to reduce inflation or cut interest rates to reduce unemployment.

Fortune

Childcare bills to be slashed by a quarter from next week

The cut will be the biggest reduction in childcare fees in the history of the State

Dublin Live

The jobs market posted its best year in decades, but wages haven’t kept up

Australia’s jobs market has finished 2022 in a remarkably strong position, but there's a mystery underneath that's hurting most workers.

The New Daily

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StockNews.com

5 Reasons to Be Bearish in 2023

Some price action for the S&P 500 (SPY) is quite meaningful and tells you a great deal about the future direction of stocks. And some price action is just useless noise. Such is the case for trading during the holidays when so many people are on vacation and trading volume…

Tribune News Service

Can Texas’ jobs-making machine keep cranking through a 2023 slowdown?

Recoveries don’t last forever.

Daily Record

Delaying free school meals to all primary kids branded 'shameful' by Scots teaching union

Scottish Government pledge to provide all P6 and P7 children with free school meals was put back till 2024.

The Independent UK

Scotland’s international outlook ‘vital’ to the economy, says Angus Robertson

The External Affairs Secretary pledged the country will continue to be a ‘good global citizen’.

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The Times of India

'World economy is headed for a recession in 2023'

LONDON: The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research.

Tribune News Service

World economy is headed for a recession in 2023, researcher says

The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Center for Economics and Business Research.

Asharq Al-Awsat

Egypt Targets 5.5% GDP Growth in FY2023/24

Egypt is targeting GDP growth at 5.5% in fiscal year 2023/24, its Finance Minister Mohamed Maait said in a circular on Saturday.

Tribune News Service

Italy’s lower House approves Giorgia Meloni budget law

Italy’s lower house has approved Giorgia Meloni’s budget law, following a confidence vote in which the new prime minister secured wide backing for her economic plans.

Asharq Al-Awsat

Tunisia Seeks to Cut Fiscal Deficit to 5.5% in 2023, Led by Economic Reforms

Tunisia expects to reduce its fiscal deficit to 5.5% next year from a forecast 7.7% this year, driven by austerity measures that could pave the way for a final deal with the International Monetary Fund on a rescue package. The country has been in urgent need of international help for…

StockNews.com

3 Stocks That Could Easily Survive a Recession

The Fed's persistent hawkish stance is making a recession in the next year look inevitable. Given the backdrop, investors could consider investing in quality stocks UnitedHealth (UNH), PepsiCo (PEP), and Darden Restaurants (DRI) to shield their portfolios from recession blues. These stocks possess solid dividend-paying records. Keep reading….

The Times of India

India's GDP to grow at 6.8% in current fiscal year, should prepare for headwinds: IMF

NEW DELHI: Amid persisting challenges from a gloomy global economic scenario, the International Monetary Fund (IMF) on Friday projected India to grow by 6.8% in financial year 2022-23.

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