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The Latest Breaking News from Economy

UK Economy Entered Technical Recession In Q4 Of 2023

All three major economic sectors contracted in the fourth quarter: Services (-0.2%), production (-1%), and construction (-1.3%). This resulted in an overall GDP growth of only 0.1% for the entire 2023.

International Business Times

SpaceX launches private Odysseus lander as US shoots for moon

NASA, the main sponsor with experiments on board, hopes to jumpstart lunar economy ahead of astronaut missions.

Al Jazeera

Even a technical recession is a headache for Rishi Sunak

Governments try to generate a feelgood factor before an election. The UK has the opposite: a feel-bad factor

The Guardian - UK

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UK economy slips into recession, official data shows

GDP shrank by 0.3 percent in the last three months of 2023, after contracting 0.1 percent in the third quarter.

Al Jazeera

FTSE 100 Live 15 February: ‘Low growth not a surprise’, says Hunt, as UK falls into recession

The UK economy finished last year in recession after GDP declined by a bigger-than-expected 0.3% in the fourth quarter.

Evening Standard

'Rishi's recession': Blow to Sunak's key election pledge as Britain slips into negative growth

GDP fell by a worse than expected 0.3% in the last three months of 2023

Evening Standard

UK tips into recession in blow to Rishi Sunak

GDP fell 0.3% in three months to December after collapse in retail sales in run-up to Christmas

The Guardian - UK

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Rishi Sunak’s promise to grow the economy ‘in tatters’ as UK enters technical recession – as it happened

UK economy shrank by 0.3% in October-December, worse than expected, putting country into a technical recession in a blow to the PM

The Guardian - UK

Australia’s economy likely to slow until stage-three tax cuts, lower interest rates and easing inflation kick in, CBA says

Spending tipped to moderate until households start getting some relief in the middle of the year, CommBank chief economist says

The Guardian - AU

President Trump slams Biden's economic policies in South Carolina appearance

President Trump criticizes Joe Biden's handling of the economy while visiting South Carolina. This article discusses his speech and upcoming primary.

Top News

Japan loses crown as world’s third-largest economy after it slips into recession

Fall in rank below Germany has been attributed to a weak yen and country’s ageing, shrinking population

The Guardian - AU

Japan's Economy Slides into Recession, Germany Now Third-Largest Global Economy

Japan's economy unexpectedly slips into recession, leading to Germany becoming the world's third-largest economy. Find out more about this significant econ...

Top News

Chinese Youth Prioritize Me Time Amid Slowing Economy

As the Chinese economy faces a slowdown, an increasing number of young people are choosing to prioritize personal fulfillment over corporate careers. Find ...

Top News

Germany Overtakes Japan As Third-biggest Economy

Once forecast to become the world's biggest economy, Japan slipped below Germany last year to fourth place, official data showed Thursday, although India is projected to leapfrog both later this decade.

International Business Times

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International Business Times

What Is Behind The US Economy's Surprising Strength?

The US has seen GDP growth blow past predictions, hiring numbers surge unexpectedly and consumers still spending even as interest rates climbed -- deftly averting a dreaded recession in 2023.

Top News

Bank of Canada to Discuss Balance Sheet Normalization Next Month

The Bank of Canada is set to discuss balance sheet normalization next month, according to the CFA Society. Stay informed on Canada's monetary policy.

Al Jazeera

Experts say billions in US Senate bill would be better spent at home

While President Joe Biden says bill will stimulate the economy, experts say social spending provides a bigger boost.

Top News

Japan GDP Data: Yen Stays Strong at 150.00/$

Get the latest update on Japan's GDP and the performance of the yen against the dollar, with the exchange rate reaching 150.00 yen per dollar.

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Top News

Germany to Reduce 2025 Growth Forecast to 1%

Germany is set to reduce its forecast for economic growth in 2025 to 1%, according to sources. This would have significant implications for the country's e...

Latin Times

Biden's Handling of Immigration is the Main Reason for his Disapproval Rate: Gallup

Almost 20% of respondents of a poll cited the issue specifically. It was followed by the economy and inflation

Al Jazeera

UN envoy warns of ‘dangerous’ escalation cycle in war-wracked Yemen

Separate UN official expresses fears over how the US designating Houthis a ‘terrorist’ group may affect Yemen’s economy.

Top News

Main Street Small Businesses: Key Players in Determining Inflation Rates

Explore the impact of small businesses on inflation rates and the economy. Discover how Main Street firms play a significant role in price changes and econ...

The Guardian - AU

Spectre of ‘climate wars’ looms in Queensland as LNP urged to back government’s emissions reduction target

Premier Steven Miles’ bill targets 75% cut in carbon emissions by 2035 but Queensland opposition wants to see modelling before responding

The Guardian - UK

‘You can’t deny the historic nature’: Wales’ Vaughan Gething aims to become first black leader of a European country

Economy minister says he is best candidate for top job and Senedd ‘needs to do more to look like our country’

Top News

Germany to lower 2024 economic growth forecast, exclusive source says

Germany is reportedly set to lower its economic growth forecast for 2024, indicating potential challenges ahead. Find out more about this exclusive update.

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