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The Latest Breaking News from Economic Growth

IMF Report: Trump Trade War Will Hurt Both U.S. and Global Economies

Predictions for U.S. and global economic growth are down since January.

Reason

Trump uncertainty set to smash Australian economy

Australia is not following the "bouncing ball" of Donald Trump's daily shifts, the treasurer says, amid predictions of a bigger-than-expected economic hit.

AAP

Trump tariffs will slash UK’s economic growth, warns IMF

IN FULL

The Independent UK

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Trump tariffs chaos will blow huge hole in US economy and hit UK hard, says IMF in damning report

‘The US effective tariff rate surged past levels reached during the Great Depression,’ say the leading economists

Evening Standard

UK economic growth forecast slashed as Trump’s tariffs hit Britain harder than Europe

The downgrade to Britain’s growth forecasts heightens the importance of Rachel Reeves securing a trade deal for the UK

The Independent UK

West Africa’s bold trade experiment turns 50: an Ecowas report card

The Economic Community of West African states (Ecowas) is set to mark 50 years in May 2025. It was established in 1975 by 16 member states. Though seven of the founding leaders had ascended to power through coups d’état, the initial focus was economic growth and regional trade and cooperation.

The Conversation

“Without investment in music education our talent pipeline is at risk of drying up along with the huge opportunities for economic growth it brings”: UK Music draws up five point plan to “turbocharge” music education

They urge the government to recruit 1,000 new music teachers

MusicRadar

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European Central Bank cuts interest rates for the seventh time as global trade tensions escalate

The European Central Bank cut interest rates Thursday for the seventh time to counter worries about economic growth fueled by President Donald Trump’s tariff onslaught

The Independent UK

Fed’s Powell warns tariffs may upset inflation-growth balance

Federal Reserve Chair Jerome Powell expressed concern over achieving the central bank’s dual mandate as tariffs are likely to drive inflation higher while weakening economic growth. His comments added further pressure on US stock markets and the US dollar on Wednesday.

Euronews

China’s first-quarter economic growth beats estimates as tariffs loom

China’s economy grew by 5.4% in the first quarter, surpassing analysts’ expectations. Other key economic data has also topped estimates, suggesting the stimulus measures have been effective in bolstering the world’s second-largest economy. However, its economic outlook remains uncertain.

Euronews

Trump’s tariff policy is like Debashish Mohanty’s swing – unpredictable and accidental

Any minute now I'm expecting all hell to break loosePeople are crazy and times are strangeI'm locked in tight, I'm out of rangeI used to care, but things have changed.– Bob Dylan, Things Have Changed, Wonder BoysMaine revolver pehli baar uthaya hai…lekin itna jaanta hoon ki trigger dabane se goli…

Newslaundry

Crude Prices Fall Sharply as Demand Concerns Grow

May WTI crude oil (CLK25 ) Thursday closed down -2.07 (-3.32%), and May RBOB gasoline (RBK25 ) closed down -0.0771 (-3.78%). Crude oil and gasoline prices on Thursday fell sharply because of concerns that the US trade war would slow economic growth and energy demand. Also, Thursday's stock selloff reduced...

Barchart

Working women key to future economic growth: bank boss

Australia has made significant strides to improve gender equity and increase female participation but the Reserve Bank's head says there is more to be done.

AAP

Trade War Fears Hammer Crude Prices Again

May WTI crude oil (CLK25) today is down -2.68 (-4.30%), and May RBOB gasoline (RBK25) is down -0.0765 (-3.75%). Crude oil and gasoline prices today are sharply lower on concern the escalation of the US-China trade war will lead to a slowdown in economic growth and energy demand. Also, today's...

Barchart

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Euronews

Germany’s economy expected to stagnate as Trump's tariffs hit

US tariffs, especially on metals such as steel and aluminium, could particularly impact Germany's economic growth this year.

The Independent UK

South Korean opposition leader Lee opens presidential bid following Yoon's ouster

South Korean opposition leader Lee Jae-myung, widely seen as the front-runner in a presidential by-election triggered by the removal of President Yoon Suk Yeol last week over his ill-fated imposition of martial law, officially announced his presidential bid on Thursday, vowing to heal a starkly divided nation through economic growth

Dynamite News

RBI cuts repo rate by 25 bps; Relief for homebuyers, EMIs to come down

The repo rate cut, besides relief for homebuyers and other borrowers, will boost economic growth. Read further on Dynamite News:

The Conversation

Cities that want to attract business might want to focus less on financial incentives and more on making people feel safe

To attract business investment, American cities and states offer companies billions of dollars in incentives, such as tax credits. As the theory goes, when governments create a business-friendly environment, it encourages investment, leading to job creation and economic growth.

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The Independent UK

How China plans to bounce back from Trump’s tariffs

A meeting between Xi Jinping and 40 leaders of multinational companies reveals Beijing’s larger plan to sustain economic growth

Barchart

Stocks Settle Mixed as Chip Makers Rebound

The S&P 500 Index ($SPX ) (SPY ) Monday closed down -0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.91%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.19%. June E-mini S&P futures (ESM25 ) are up +0.30%, and June E-mini Nasdaq futures...

Evening Standard

Visas shortage in key sectors revealed as Downing Street defends delay to new immigration blueprint

Home Office data shows that fewer than 181,000 visas out of a total of about 560,000 were allocated to foreign workers in the key fields identified for economic growth

The Independent UK

Starmer to declare end of globalisation while Trump’s tariff war rages

Prime minister argues that tariffs show Britain must ‘move further and faster’ in cutting red tape to boost economic growth

The Guardian - US

Trump’s ‘liberation day’ could mean recession in the US and pain worldwide

The US president’s tariffs are vengeful and impetuous – and will have immense costs with no clear goal

The Independent UK

Federal Reserve chair Powell predicts tariffs will spike inflation and slow economic growth

Powell’s warning comes as President Donald Trump urges the fed to slash interest rates

Evening Standard

Trump unveils $5m ‘gold card’ featuring his face for wealthy immigrants to live in US

The Republican president has introduced the visa in the hope of creating jobs and boosting economic growth amid stock market turmoil

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