The Latest Breaking News on Economy

Shock fall in monthly growth leads to new fears of recession

Markets’ jitters over Kwasi Kwarteng’s plan continue

Evening Standard · Oct 12, 2022

Risk of recession rises as UK economy shrinks in August

THE risk of a recession has risen after the UK’s economy shrank in August as factories and consumer services firms struggled, according to…

The National (Scotland) · Oct 12, 2022

Jacob Rees-Mogg claims parts of economy in ‘good state’ and insists pensions safe

Cabinet minister clashes with BBC host – and reveals his own mortgage payments have gone up

The Independent UK · Oct 12, 2022

The global recovery winds down

The post-Covid recovery has run out of steam. The latest update to the Brookings-Financial Times Tracking Indexes for the Global Economic Recovery (Tiger) shows that growth momentum, as well as financial market and confidence indicators, have deteriorated markedly around the world in recent months, many countries are either in or…

Bangkok Post · Oct 11, 2022

Neutral cash rate 'guide' for reserve bank

Getting the cash rate back to neutral is more about the journey than the destination and the Reserve will be guided by changing economic conditions.

AAP · Oct 11, 2022

Australia predicted to avoid worst of downturn as IMF warns of global recession

Revenue boost will aid budget repair as ‘storm clouds’ loom over economy, Deloitte predicts

The Guardian - AU · Oct 11, 2022

Academics call for furlough scheme to be brought back right now

Businesses need strategy to help them reduce costs, but also need to be able to quickly ramp up their operations

Wales Online · Oct 11, 2022

Lowest jobless tally since 1974 adds rate pressure on Bank of England

Unemployment dropped from 3.6% to 3.5% in the three months to August

Evening Standard · Oct 11, 2022

Government needs £60bn public spending cuts to tax giveaway

Institute for Fiscal Studies says it is not possible to deliver cuts on that scale through efficiency savings

Wales Online · Oct 11, 2022

Commentary: The government is actually doing a good job

You wouldn’t know it from watching the news, but American children are doing better than they were at the beginning of the COVID-19 pandemic, at least when it comes to having their basic needs met.

Tribune News Service · Oct 11, 2022