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The Latest Breaking News on Economy

Economy stalls as private sector fails to pick up slack

More rate cuts might be needed to boost Australia's fragile economy with soft household consumption figures contributing to stalled growth.

AAP

Credit rating downgrade cost unknown for debt-hit state

No research has been done on how much interest repayments on spiralling state debt would soar from a possible credit rating downgrade.

AAP

National accounts to reveal Australia's economic pulse

Australia's economic growth rate for the first quarter will be revealed this week and investors will study minutes from the Reserve Bank's last board meeting.

AAP

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In Hong Kong, my daughter was dazzled by futuristic tech – and I glimpsed the world she’ll grow up in

When I was young, Britain felt like the apex of global civilisation. But as power migrates to autocracies, our belief in democracy seems complacent, says Kojo Koram, a teacher at Birkbeck School of Law

The Guardian - UK

Downturn across UK firms stretches into May despite tariffs respite

While the UK’s largest sector, services, returned to growth, the manufacturing sector fell at the fastest rate since October 2023.

The Independent UK

Third Time Lucky? South Africa Presents Revised Budget

South Africa's finance minister presented Wednesday a third version of the 2025 budget after being forced to backtrack on a proposed increase in value-added tax that threatened to split the coalition government.

International Business Times

Victoria state budget 2025: treasurer uses public service cuts and GST windfall to fund cash splash

Labor’s 2025-26 budget includes more money for health, education and $2.3bn in cost-of-living measures

The Guardian - AU

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'Wafer-thin' budget surplus won't fix debt problem

One unforeseen event would likely erode a state's long-awaited return to surplus, as its treasurer attempts to tame mounting debt in her first budget.

AAP

Merz Vows To Rev Up German Economic 'Growth Engine'

German Chancellor Friedrich Merz on Wednesday pledged reforms and investment for Europe's biggest economy to transform it once again into a "growth engine" after two years of recession.

International Business Times

Price says some Liberals still back nuclear – as it happened

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The Guardian - AU

Labor wants to boost productivity. Does this mean Australians need to work even harder?

Productivity is down and it’s hurting the economy and your salary. Here’s how treasurer Jim Chalmers plans to try and fix that

The Guardian - AU

We all know the crisis in UK social care damages lives and the economy: it’s the Treasury we must convince

There are real costs to not tackling this grievous problem. But, as we report today, the data we need doesn’t seem to exist, says Layla Moran, chair of the health and social care select committee

The Guardian - UK

Why I Think You Should Buy Stocks to Cope with Inflation

What's the best way to protect your investments when inflation rises and the value of the dollar falls? Surprisingly, the answer may lie in buying stocks.

Kiplinger

German Growth Better Than Expected But Tariff Turmoil Looms

Germany's struggling economy grew faster than expected at the start of the year, data showed Wednesday, in a boost for the incoming government of conservative Friedrich Merz even as US tariffs threaten to derail the nascent recovery.

International Business Times

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The Guardian - UK

UK annual borrowing exceeds forecasts by almost £15bn in blow to Rachel Reeves

Chancellor may be forced to raise taxes or announce deeper public spending cuts, economists say

The Independent UK

Voices: Sadiq Khan: Here’s one thing I know that’ll get us closer to Europe – and a post-Trump bump

COMMENT: A new youth mobility scheme will bring the UK and the EU some much needed connection – and a shot in the arm for business, too, writes London mayor Sadiq Khan

The Conversation

Politics with Michelle Grattan: Warwick McKibbin on trying to model economic certainty in uncertain times

Global markets have remained on edge after Donald Trump’s “Liberation Day” tariffs caused panic worldwide. Now, more than ever, markets and economists are looking for trying to read the implications.

The National (Scotland)

Independent Ireland outpacing Northern Ireland in raft of key measures, report finds

AN independent Ireland is outstripping Northern Ireland in the Union in economic performance and well-being indicators, a report has found ...

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The Guardian - UK

The Guardian view on Friedrich Merz’s grand coalition: gambling on a new centre ground

Editorial: The deal signed last week between the centre-right CDU and centre-left SPD paves the way for vital investment in Europe’s biggest economy

AAP

Trump tariff trouble to cast shadow on domestic market

While fresh insight into the Reserve Bank's rate decision is set to be revealed, all economic eyes will continue to be on the fallout from US-imposed tariffs.

The Guardian - UK

Voters want Keir Starmer to focus on rebuilding trade ties with EU, poll reveals

Open trade with Europe is more important to the UK than a deal with Donald Trump, most Britons believe

The Independent UK

Voices: Strong GDP growth is unexpected good news for Rachel Reeves – but there’s a ‘but’…

COMMENT : The boost to the British economy from a jump in exports to the US will be short-lived – thanks to Trump’s trade war over tariffs, says James Moore

Kiplinger

Is the Economy at Risk of a Recession Because of Tariffs? What the Experts Are Saying

With the stock markets up and down and tariffs on and off everyone including retirees may wonder what it means for the economy. Here's what the experts think.

The Independent UK

Starmer’s economic reset must include an honest debate about income tax

THE INDEPENDENT VIEW: Editorial: In this ‘new world order’ the UK should look towards the Commonwealth, the EU and other nations for further trading relationships

The Conversation

Labor will urge Fair Work Commission to give real wage rise to three million workers

The Labor Party on Wednesday will urge the Fair Work Commission to grant a real wage increase to Australian workers on awards.

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