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The Latest Breaking News from Economic Growth

Crude Prices Gain on US Economic Strength and Ongoing Canadian Wildfires

July WTI crude oil (CLN25 ) today is up +1.19 (+1.90%), and July RBOB gasoline (RBN25 ) is up +0.0260 (+1.27%). Crude oil and gasoline prices today added to Monday's gains, with crude posting a 1-1/2 week high. Signs of strength in the US labor market support economic growth prospects...

Barchart

OECD outlook: Can the global economy survive trade pressures in 2025?

The OECD forecasts a continued slowdown in global economic growth this year, driven by persistent trade tensions — such as US tariffs — and stubbornly high inflation.

Euronews

Australia must ease zoning to fix housing crisis: OECD

Australia's economic growth forecast for 2025 has been downgraded by the OECD, as Donald Trump's tariffs set back the outlook for the global economy.

AAP

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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

What To Expect Now That Trump Has Scrapped Biden's Crippling AI Regulations

"New opportunities for innovation, economic growth, and global engagement," says one expert.

Reason

Regulating AI seems like an impossible task, but ethically and economically, it’s a vital one

AI has already transformed industries and the way the world works. And its development has been so rapid that it can be hard to keep up. This means that those responsible for dealing with AI’s impact on issues such as safety, privacy and ethics must be equally speedy.

The Conversation

Rachel Reeves should invest extra money in economic growth, not spend it on U-turns, former adviser warns

Exclusive: Call from former Treasury minister Jim O’Neill will pile pressure on chancellor and PM amid demands for hat-trick of U-turns on winter fuel allowance, two-child benefit cap and disability payments

The Independent UK

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US Tariff Tensions Test Southeast Asian Leaders At Regional Summit

Southeast Asian leaders will express deep concern over US President Donald Trump's tariff blitz when they meet at a summit Monday, warning that the unilateral move posed huge challenges to economic growth and stability in the region, according to a draft statement seen by AFP. Trump's tariffs has roiled global…

International Business Times

Planning reforms break Labour’s promise to protect nature, green groups say

Campaigners say there is little evidence that nature protections are blockers to developments and economic growth.

The Independent UK

NZ Budget 2025 at a glance: follow the money here

Finance Minister Nicola Willis delivered a pragmatic budget today, balancing fiscal discipline and the promise of economic growth.

The Conversation

Britain ‘laser-focused’ on economic growth, Reeves says ahead of G7 Canada trip

Ms Reeves will insist that the UK is open for business to other nations, after a trio of deals with the US, India and the EU have been struck.

Evening Standard

Weight loss jabs sent through the post ‘could help 15 million people and boost economic growth’

Obesity costs society about £98 billion a year, the Tony Blair Institute for Global Change (TBI) says

The Independent UK

RBA cuts interest rates, ready to respond again if the economy weakens further

The Reserve Bank of Australia cut the official interest rate for the second time this year, as it lowered forecasts for Australian economic growth and pointed to increasing uncertainty in the world economy.

The Conversation

Reeves says Gulf trade pact is Government’s ‘next deal’ after EU summit

Evening Standard

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International Business Times

Trump Tariffs Force EU To Cut 2025 Eurozone Growth Forecast

The EU on Monday sharply cut its eurozone economic growth forecast for 2025 because of global trade tensions sparked by US President Donald Trump's sweeping tariffs.

The Conversation

NZ Budget 2025: economic forecasting is notoriously difficult, but global uncertainty is making it harder

This year’s budget will be one of the tightest in a decade, with the New Zealand government halving its operating allowance – the new money it has available to spend – from NZ$2.4 billion to $1.3 billion.

The Conversation

What do MPs really think about immigration? We surveyed them to find out

The UK government has unveiled plans to reform the migration system, making it more restrictive with the aim of reducing the level of net migration into Britain.

The Independent UK

UN forecasts slower global economic growth following Trump's tariffs and trade tensions

The United Nations is forecasting slower global economic growth this year and next, pointing to the impact of the surge in U.S. tariffs and increasing trade tensions

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The Independent UK

How Britain’s economic growth compares with other G7 countries

The Independent looks at how Britain’s economic growth compares to the rest of the G7 in the first quarter of the year

The Conversation

South African companies aren’t innovating enough: why support during tough economic times matters

South Africa’s innovation fund, announced by President Cyril Ramaphosa in the 2025 state of the nation address, was a response to the country’s urgent need for inclusive and sustainable economic growth.

Evening Standard

Canary Wharf student rooms skyscraper gets go-ahead as City Hall overrules council

Deputy mayor says project will help tackle housing crisis and boost economic growth, months after Tower Hamlets Council refused scheme

International Business Times

US Tariffs Hit Central Europe, Balkans Growth: Europe Bank

Economic growth in Central Europe and the Balkans is expected to be strained this year by US President Donald Trump's tariff policies, Europe's development bank forecast Tuesday.

Euronews

EBRD cuts regional economic outlook as geopolitical tensions linger

Recent US tariffs and worldwide economic tensions are likely to contribute to subdued economic growth in several key European economies and regions.

The Conversation

What causes inequality in African countries? New book traces a vicious cycle

Inequality is a problem that exists in various forms in sub-Saharan Africa.

The Conversation

Governments shouldn’t chase growth at all costs. The harms of over tourism show why

In the controversial case of expansion at Heathrow airport, the UK government insists that the benefits of economic growth outweigh the environmental and wellbeing costs. But what if focusing on prosperity is a shortsighted approach? The debate about a third runway, placed in the context of exponential growth in travel…

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