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The Latest Breaking News from Economy

Hunger and hardship 'costing Scottish economy billions each year', report warns

HUNGER and hardship are costing the Scottish economy £5.6 billion each year, according to fresh research.

The National (Scotland)

Informal workers in Ghana’s chop bars get no benefit from foreign aid: donors are getting it wrong

Informal street food caterers, popularly known as chop bars, are a key feature of Ghanaian city life. They offer the urban poor the cheapest food.

The Conversation

Mexico Avoids Recession Despite Tariff Uncertainty

Mexico's economy returned to growth in the first quarter of 2025, avoiding a recession despite deep uncertainty over US President Donald Trump's sweeping tariffs, official data showed Wednesday.

International Business Times

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Trump defends trying to blame Biden for poor GDP data after repeatedly claiming credit for Democrat’s strong economic numbers

President claims economic downturn has ‘NOTHING TO DO WITH TARIFFS’

The Independent UK

Democrats Urged To Present Alternative To Trump's Economy As Approval Rates Slide

A focus group of voters who supported Trump in the last elections shows them increasingly frustrated with the state of the economy. Now Democrats are being urged to capitalize on the situation

International Business Times

Democrats Urged To Present Alternative To Trump's Economy As Approval Rates Slide: 'Time To Provide Real Solutions'

A focus group of voters who supported Trump in the last elections shows them increasingly frustrated with the state of the economy. Now Democrats are being urged to capitalize on the situation

Latin Times

U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt business

The U.S. economy shrank 0.3% from January through March, first drop in three years

The Independent UK

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US economy shrinks in first quarter of Trump 2.0 amid sweeping tariffs

Drop comes amid a huge fall in consumer sentiment, which in April dropped 32% to lowest level since 1990 recession

The Guardian - US

U.S. corporate earnings growth is on the road to zero

We already knew the U.S. economy would slow down—then came the regime uncertainty spawned by Trump’s policies.

Fortune

‘Crucial’ skills needs will not be met unless system changes, MSPs told

Industry leaders expressed concerns they are being ‘heard’ but ‘not being listened to’ by the Scottish Government.

Evening Standard

Viagra and Mounjaro panic-buying could explain Ireland's 200% export surge to U.S.

U.S. multinational activity propelled the Irish economy to 3.2% growth in the first quarter, as Trump fears come into focus.

Fortune

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

Eurozone Economy Grows More Than Expected Despite US Tariff Turmoil

The eurozone economy expanded more than expected at the start of the year, official data showed on Wednesday, despite US President Donald Trump's tariffs but global trade tensions threaten more pain and near stagnation in 2025.

International Business Times

President Trump says voters signed up for his economic policies—but consumer confidence is at its lowest in five years

President Trump said Americans signed up for some economic discomfort arising from tariffs when they voted him into the Oval Office.

Fortune

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Euronews

Eurozone GDP beats expectations with 0.4% growth in first quarter

The eurozone economy grew 0.4% in Q1 2025, doubling the previous quarter's pace and beating forecasts. Ireland led growth, followed by Spain, while Germany rebounded.

The Guardian - US

After 100 days, Trump has destroyed Trumpism

The president’s approach: tackle problems that don’t exist via policies that won’t work

Fortune

What uncertainty? Grab upgrades forecast and claims tougher economy might help its ride-hailing business

COO Alex Hungate noted that Grab has an "almost counter-cyclical approach", as people consider gig work as a hedge against job losses.

The Independent UK

Europe saw stronger growth at start of year, but Trump's tariffs have darkened outlook

Europe’s economy has grown more strongly in the first three months of the year only to see hopes for an ongoing recovery quickly squelched by U.S. President Donald Trump’s trade war

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The Guardian - UK

Trump claims shrinking US economy ‘nothing to do with tariffs’ as GDP drop raises risk of recession – as it happened

US on brink of ‘Trumpcession’ after jump in imports weighs down GDP… US president blames predecessor

The Guardian - UK

China manufacturing activity plummets amid Trump tariff war

Index of activity drops to lowest reading since December 2023 as a result of ‘sharp changes’ in international trading

The Independent UK

China's export orders dip in April as Trump's tariffs begin to bite

Monthly surveys of Chinese factory managers shows export orders slowed in April as higher tariffs on U.S. imports began to kick in

The Independent UK

Trump's tariffs loom over the economy as shipments from China fall

American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next

The Guardian - UK

Labour not protecting people, economy and homes from climate crisis, watchdog says

Plans to protect UK from extreme weather are inadequate, Climate Change Committee says in scathing assessment

The Conversation

Mark Carney won: Here are the key economic priorities for his new government

The Liberal Party led by Mark Carney has secured a fourth consecutive term in government. This victory has come at a time when Canada is facing an unprecedented threat to its economic security and sovereignty from United States President Donald Trump.

StockNews.com

Becoming More Bullish on Stocks, But...

Stocks are on a roll with the S&P 500 (SPY) up more than 10% from the recent lows. Before you start getting too giddy, you should read this updated market outlook and trading plan Steve Reitmeister.

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