The Latest Breaking News on Economy

High energy prices, surging inflation, rising interest rates and global economic weakness to blame

Britain’s economy is expected to shrink around 0.2 per cent each quarter from October through to June next year

President Joe Biden downplayed the effect of the U.S. strong-dollar policy on the global economic outlook, saying weakness in other parts of the world is threatening growth.

All eyes will be on the latest labour force figures for signs that the jobs market might be starting to cool off.

Odds now favor that the U.S. economy slipping into a recession within the next year, with economists expecting the labor market and demand will become casualties in the Federal Reserve’s inflation battle.

Britain's economic problems are unique in many ways, but recent events indicate the world economy is entering a new phase.

What keeps driving inflation so high

The inflation dragon is still breathing fire as the treasurer says higher-than-expected US inflation will have implications for Australia.

As the five economies in mainland Southeast Asia re-emerge from the Covid-19 pandemic, their prospects for recovery and return to growth and development appear challenged, characterised by deteriorating balance of payments, fiscal weaknesses, currency depreciations, and rising inflation amidst global monetary tightening and recession risks.