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The Latest Breaking News from Economy

March CPI Report: What the Experts Are Saying About Inflation

A mixed CPI report means investors can expect another rate hike from the Federal Reserve in May.

Kiplinger

Grand National 2022 contributed over £60m to local economy

A new report has assessed how important last year's festival was to the Liverpool City Region economy

Liverpool Echo

Total War: Warhammer 3 Forge of the Chaos Dwarfs is the fantasy gun-running simulator I never knew I needed

First, you get the very tall hats.

PC Gamer

From analysis to the latest developments in health,
read the most diverse news in one place.

Why new grads shouldn’t fear a recession

Massive tech layoffs, bank failures and a potential U.S. recession could throw a wrench in the plans of 2023 graduates — in the same year federal student loan payments are expected to resume and accrue interest

The Independent UK

Transport upgrades could generate £52bn productivity boost for the economy, suggests TUC plan

TUC regional secretary Liz Blackshaw says investment in the North East and elsewhere in England would help meet net zero targets, create jobs and boost productivity

Birmingham Post

US consumer inflation slows to 5% in March year-over-year

NEW YORK: US consumer inflation slowed in March, according to US data Wednesday, lessening the pressure on the Federal Reserve to maintain its aggressive posture to cool the economy.

The Times of India

Inflation slows but stays high enough for Fed to hike again

U.S. consumer inflation eased in March, with less expensive gas and lower food prices providing some relief to households that have struggled under the weight of surging prices for nearly two years

The Independent UK

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Four reasons inflation will stay stubbornly high for some time

Price inflation is starting to fall in many countries but it still remains way above the typical 2% target of most major economies. In the UK, inflation has been above target since August 2021 and in double digits since August 2022.

The Conversation

Kwasi Kwarteng ‘hasn’t ruled out’ return to cabinet despite crashing economy with mini-Budget

Former chancellor said it was a ‘great privilege’ to serve in government as he keeps the door open for a return

The Independent UK

Saudi Arabia Tops G20 in Non-oil Private Sector PMI

Saudi Arabia topped the G20 countries in the performance of the purchasing managers’ index (PMI) for the non-oil private sector, in January 2023. The index recorded headline growth at 58.2 points, marking consecutive growth since September 2020 and reflecting the strength and durability of the Kingdom’s economy despite the state…

Asharq Al-Awsat

IMF slashes cash-strapped Pakistan's growth outlook to 0.5%

The International Monetary Fund has slashed the growth outlook for cash-strapped Pakistan, forecasting the South Asian country’s fragile economy will grow just 0.5% this year, down from 6% in 2022

The Independent UK

The IMF has painted a grim picture of the world economy. What does it mean for Australia?

Australian economists say the IMF outlook supports their case for a soft landing after the rapid rise in interest rates

The Guardian - AU

Asian shares moderately higher with focus on inflation data

Asian shares were mostly higher Wednesday, as investors watched for key inflation data likely to influence the Federal Reserve’s stance on interest rates

The Independent UK

Tehran Seeks to Reopen Embassy in Riyadh before Hajj Season

Director of the GCC Affairs Department Alireza Enayati at the Iranian Ministry of Foreign Affairs, said that Iran was making efforts to reopen its embassy in Riyadh and its consulate in Jeddah before the Hajj season. For his part, Iranian Minister of Economy Ehsan Khandozi said that he intends to…

Asharq Al-Awsat

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The New Daily

Watch: Economic warning, School violence, Liberal turmoil

Watch: The International Monetary Fund is warning the global economy faces feeble and uneven growth for the rest of the decade. Assaults in NSW schools

ABC News

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.

The New Daily

Australia ‘not immune’ from global economic malaise

Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.

AAP

Australia 'not immune' from global economic malaise

Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.

Get all your
news in one place.

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One news app.

The Guardian - AU

IMF expects Australia’s economy to slow amid ‘perilous’ international pressures

International Monetary Fund forecast echoes predictions from Treasury and RBA and warns ‘ominous forces’ may be behind global economic strains

Fortune

Jeremy Grantham says Warren Buffett’s favorite corporate tactic facilitates ‘stock manipulation’ and hurts the economy

Warren Buffett called critics of stock buybacks "illiterate" in his annual shareholder letter. But now he's facing a new critic who is anything but: hedge funder Jeremy Grantham.

The Guardian - UK

Investing in public transport could give economy £50bn annual boost, says TUC

Radical rise in spending on trains, trams and buses needed to cut car use, reports body representing unions in England and Wales

Bangkok Post

Agencies predict economic uptick

Prime Minister Prayut Chan-o-cha is feeling upbeat regarding Thailand's economic recovery, citing the forecasts of several reputable economic agencies including the Asian Development Bank (ADB) and Japan Center for Economic Research (JCER) that anticipate a rebound in 2023 and 2024.

Bangkok Post

Consumers buoyant about tourism

Consumer confidence rose for the 10th straight month in March, reaching the highest level in 37 months, boosted by the positive impact of easing Covid-19 outbreaks and the recovery of domestic tourism, which has left consumers feeling happier and more optimistic.

ABC News

Income inequality surges as richest group gets more than 90 per cent of the gains, Australia Institute finds

A new report suggests Australia is becoming more inequitable, with 93 per cent of pre-tax gains in the economy going to the top 10 per cent of earners.

Daily Mirror

UK will be worst performing G7 nation this year as economy shrinks, experts predict

The International Monetary Fund thinks UK plc will shrink 0.3%, and the only other advanced economy in the G7 group expected to decline is Germany’s, by 0.1%

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