The Latest Breaking News from Economy

Bracket creep is cooling Australia’s economy – it’s good news for interest rates but not for household budgets

The weak economy probably means the next RBA rates move – short of an inflation surprise next month – will be a cut

The Guardian - AU · Dec 6, 2023

From Taylor and Beyoncé to Barbie and Coco Gauff, women dominated the events economy this year

The top four women musical artists more than tripled the sales of the top 10 highest-selling artists of 2022.

Fortune · Dec 6, 2023

In this East Texas town, a 45-foot tall oil pump is a holiday symbol and connection to the past

Rudolph the Red-Nose Pumping Unit has long been a holiday tradition in Lufkin. The machinery, now used worldwide to extract oil from the ground, was invented by a local businessman.

The Texas Tribune · Dec 6, 2023

ASX skyrockets as economy shows sign of weakness

The ASX200 made its biggest daily gain in more than a year as lower-than-expected GDP growth signals the RBA's rate rises are having their intended effect.

AAP · Dec 6, 2023

Australia’s economic growth slows, reducing chance of another interest rate rise next year

Economy grows more slowly than expected, with consumer spending flat under the pressure of high interest rates

The Guardian - AU · Dec 6, 2023

Opposition questions Centre’s inaction on issues of unemployment, price rise in Rajya Sabha

Opposition questions Union government performance in economy, BJP defends Centre, citing electoral victories. Chidambaram focussed on unemployment, price rise & inequality. O'Brien & Reddy raised issues of price rise & trade deficit

The Hindu · Dec 5, 2023

The Ambedkar touch in rethinking social justice policies

It is an appropriate time to imagine how the worst-off social groups can become an integral and substantive part of the new economic order

The Hindu · Dec 5, 2023

Why the UK economy is in such a state – and even the Labour party doesn’t seem to get how bad things are

The Labour leader Keir Starmer has warned that if his party wins the next UK general election, he will not be able to “turn on the spending taps”. Speaking at a thinktank event focused on the stagnation of the UK economy, he said the country was “in a hole” after…

The Conversation · Dec 5, 2023

Economy weakens as rising costs take toll on households

The Australian economy almost came to standstill last quarter, with clear signs of financial pain in the household sector.

AAP · Dec 5, 2023

Moody’s cuts China credit outlook to negative as economy slows

Rating agency says Beijing may need to bail out local governments as property sector collapses

The Guardian - UK · Dec 5, 2023